Ainos, Inc. announced it received written notification from the Nasdaq Stock Market LLC granting a 180-day extension to regain compliance with the $1.00 minimum bid price requirement. The company had previously received a deficiency letter on July 15, 2024, and the initial 180-day period was set to expire on January 13, 2025. This extension provides Ainos until July 14, 2025, to meet the listing standard.
The extension allows Ainos additional time to address its stock price and maintain its listing on The Nasdaq Capital Market. Continued listing is crucial for investor confidence and access to capital markets, enabling the company to pursue its growth strategies. The company will need to demonstrate a closing bid price of $1.00 or more for at least ten consecutive business days during this period.
This development provides the company with necessary flexibility to focus on its operational and commercial milestones without the immediate pressure of delisting. It reflects Nasdaq's recognition of the company's efforts to comply with listing rules. The extension is a positive step in ensuring Ainos' continued presence on a major exchange.
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