BloomZ Gets Nasdaq Noncompliance Notice

MT Newswires Live09-19 05:57

BloomZ (BLMZ) said late Wednesday that it was notified by the Nasdaq Stock Market that it is not in compliance with a Nasdaq rule requiring companies to maintain a minimum market value of listed securities of $35 million.

The company has until March 11, 2025, to regain compliance by ensuring that the market value of its shares closes at $35 million or higher for at least 10 consecutive business days. The inability to regain compliance by the stated deadline would make the company subject to delisting.

BloomZ said the notification doesn't affect its listing "at this time."

The company's shares were up nearly 4% in after-hours activity.

Price: 1.4200, Change: +0.05, Percent Change: +3.65

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment