Polyrizon Ltd. announced today that it received a written notice from the Nasdaq Stock Market LLC on April 8, 2025. The notice indicated that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2).
This non-compliance stems from Polyrizon’s closing bid price for its ordinary shares falling below $1.00 per share for 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the company has been granted a 180-calendar day compliance period, extending until October 6, 2025.
During this period, Polyrizon’s ordinary shares will continue to be listed and traded on the Nasdaq Stock Market. To regain compliance, the closing bid price must meet or exceed $1.00 per share for at least 10 consecutive business days. The company intends to monitor its share price and consider options to resolve the noncompliance.
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