OneMedNet Corporation announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2). This was achieved after the closing bid price of the company’s common stock was $1.00 per share or greater for 10 consecutive business days.
The company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC confirming this compliance. This action resolves a previous deficiency related to the minimum bid price.
Aaron Green, Chief Executive Officer, stated that the company is now compliant with both the Nasdaq minimum bid price rule and Nasdaq’s periodic financial reporting rule.
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