Summary by Moomoo AI
On July 8, 2024, N2OFF received a notice from Nasdaq indicating non-compliance with the minimum $1.00 per share closing bid price requirement for continued listing on The Nasdaq Capital Market. The company has been granted a 180-day compliance period until January 6, 2025, to regain compliance.N2OFF's common stock will continue trading on Nasdaq under the symbol "NITO" during this period. Compliance can be regained if the closing bid price reaches at least $1.00 per share for a minimum of ten consecutive business days. If compliance is not achieved within the initial period, N2OFF may be eligible for an additional 180-day extension, subject to meeting other listing requirements.Failure to regain compliance within the allotted periods may result in delisting from Nasdaq. The company has the option to implement a reverse stock split to address the low stock price issue if necessary.