WORK Medical (WOK) announced that the company received a determination letter from Nasdaq, notifying the company of Nasdaq’s determination to delist the company’s Class A ordinary shares from Nasdaq because the company’s Class A ordinary shares had a closing bid price of 10c or less for ten consecutive trading days ending October 8, which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810. The company will consider all available options to regain compliance with the Nasdaq Listing Rules for continued listing on Nasdaq, including, if appropriate, implementing a reverse share split.
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