Neptune Wellness shares said to get delisted from Nasdaq

seekingalpha2023-12-05

Neptune Wellness Solutions (NASDAQ:NEPT) said on Tuesday that Nasdaq has determined to delist the consumer-packaged goods company's shares on non-compliance with the stock exchange's minimum bid price...

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Source: Press Release    More on N","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQQQ":"纳指三倍做空ETF","BK4183":"个人用品","PSQ":"纳指反向ETF","QID":"纳指两倍做空ETF",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF"},"translate_title":"Neptune Wellness股票将从纳斯达克退市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEPT":1,".IXIC":0.78,"MNQmain":0.6,"NQmain":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"Neptune Wellness Solutions (NASDAQ:NEPT) said on Tuesday that Nasdaq has determined to delist the consumer-packaged goods company's shares on non-compliance with the stock exchange's minimum bid price rule and stockholders' equity requirement. The company's bid price for shares on Nasdaq closed below $1.00 for 30 consecutive trading days. As the company has previously implemented two reverse stock splits over a prior 2-year period with a cumulative ratio of 250 shares or more-to-1, it is not eligible for any compliance period.  Also, the company's stockholders' equity was below the minimum required $2.5M. The company was provided 180 calendar days, or until Jan. 16, 2024, to regain compliance with the stockholders' equity requirement. This deficiency is said to serve as an additional and separate basis for delisting. Neptune Wellness intends to appeal the determination made by Nasdaq within 7 calendar days, or by Dec. 7. NEPT shares were trading -1.35% pre-market. Source: Press Release    More on Neptune Wellness Solutions  Neptune Wellness Solutions Inc. (NEPT) Q2 2024 Earnings Call Transcript Neptune Wellness stock surges after proposes to acquire Datasys for $112M Neptune Wellness Solutions prices $4.5M offering Financial information for Neptune Wellness Solutions","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2389403817"}