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Aditxt | 8-K: Current report

SEC ·  Oct 10, 2024 04:18

Summary by Moomoo AI

On October 3, 2024, Aditxt, Inc. received a Notification Letter from The Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share, which Aditxt failed to meet for 30 consecutive business days between August 20, 2024, and October 1, 2024. Despite the non-compliance, Aditxt's common stock will continue to trade on The Nasdaq Capital Market under the symbol 'ADTX'. The company has been given 180 calendar days, until April 1, 2025, to regain compliance, which requires the common stock's bid price to close at $1.00 or higher for at least 10 consecutive business days. If Aditxt fails to comply by the...Show More
On October 3, 2024, Aditxt, Inc. received a Notification Letter from The Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share, which Aditxt failed to meet for 30 consecutive business days between August 20, 2024, and October 1, 2024. Despite the non-compliance, Aditxt's common stock will continue to trade on The Nasdaq Capital Market under the symbol 'ADTX'. The company has been given 180 calendar days, until April 1, 2025, to regain compliance, which requires the common stock's bid price to close at $1.00 or higher for at least 10 consecutive business days. If Aditxt fails to comply by the deadline, it may be granted an additional 180 days if it meets certain conditions and expresses its intention to rectify the deficiency. Failure to comply within the extended period could lead to delisting, with the company having the right to appeal. Aditxt had previously implemented a Reverse Stock Split on October 1, 2024, which took effect on October 2, 2024, with the intention of meeting Nasdaq's minimum bid price requirement.

This announcement is a separate document:

Doc 1

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