Inspira receives Nasdaq minimum market value deficiency notice

Inspira Technologies (IINN) announced that on February 19, it received written notice from the Nasdaq Stock Market advising the company that it was not in compliance with Listing Rule 5550(b)(2) requiring companies listed on the Nasdaq Capital Market to maintain a minimum market value of publicly held shares of $35,000,000. The company has a period of 180 calendar days, or until August 18, to regain compliance. To regain compliance, the company’s minimum market value of publicly held shares must close at $35,000,000 or more for a minimum of 10 consecutive business days. Inspira intends to actively monitor its minimum market value of listed securities and may, if appropriate, consider implementing available options to regain compliance.