Iterum Therapeutics Receives Nasdaq Notice for Non-Compliance with Minimum Bid Price Rule

Reuters08-29

Iterum <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Receives Nasdaq Notice for Non-Compliance with Minimum Bid Price Rule

Iterum Therapeutics plc has announced that it received a notification from the Nasdaq Stock Market indicating non-compliance with the Nasdaq Listing Rule 5550(a)(2). This rule requires maintaining a minimum bid price of $1.00 per share. The company has failed to meet this requirement for the past 30 consecutive business days. While this notice does not immediately delist Iterum's shares from the Nasdaq Capital Market, the company has been given 180 calendar days, until February 23, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, Iterum may qualify for an additional 180-day compliance period. The company is considering all options to address this issue but cannot guarantee compliance will be regained or that any appeal against a potential delisting would be successful.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iterum Therapeutics plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-111974), on August 28, 2025, and is solely responsible for the information contained therein.

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