Allakos (ALLK) said Friday it received a noncompliance notice from Nasdaq on Tuesday for not meeting the minimum bid price of $1 per share for continued listing on the exchange.
The company said it has until Feb. 10 to regain compliance with the Nasdaq listing rule.
Allakos said the Nasdaq notice has no immediate effect on the listing of its common stock.
Shares of Allakos were down 2.3% in recent Friday trading.
Price: 0.64, Change: -0.02, Percent Change: -2.28
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