SaverOne 2014 Ltd. received a letter from The Nasdaq Stock Market LLC on February 20, 2025, notifying the company of non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. Due to a prior reverse stock split within the last year, the company is not eligible for the standard 180-calendar day compliance period.
The company plans to timely request a hearing before the Nasdaq Hearings Panel, which will temporarily stay the suspension of its securities pending the Panel’s decision. SaverOne’s American Depositary Shares (ADSs) will continue to trade on Nasdaq under the symbol “SVRE” during this period.
Effective at the open of the market on February 21, 2025, SaverOne implemented an additional change in the ratio of its ADS to ordinary shares. Following this adjustment, the closing bid price for its ADS was over $1.00 at the close of market on February 21, 2025. The company intends to present a plan for compliance to the Panel.
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