BioCardia Regains Compliance with Nasdaq Listing Rules for Minimum Equity Levels

MT Newswires Live09-18

BioCardia (BCDA) said Wednesday it has fully regained compliance with Nasdaq's listing requirements to maintain shareholder equity of at least $2.5 million or a market capitalization of at least $35 million.

The company said it received formal notice from Nasdaq that the company complies with the stock exchange's equity requirements and that it considers the matter closed.

BioCardia said the Nasdaq notice follows several actions intended to shore up its balance sheet, including an upsized $7.2 million public offering of stock.

Shares of the company rose more than 2% in recent trading activity.

Price: 2.87, Change: +0.08, Percent Change: +2.69

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