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
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