Reviva Pharmaceuticals Warned by Nasdaq Over Minimum Bid Price Compliance

Reuters10-18
Reviva Pharmaceuticals Warned by Nasdaq Over Minimum Bid Price Compliance

Reviva Pharmaceuticals Holdings Inc. announced that it has regained compliance with Nasdaq's minimum Market Value of Listed Securities (MVLS) requirement, after previously falling below the $35 million threshold. The company received formal notification from Nasdaq that the MVLS matter is now closed. However, Reviva remains out of compliance with Nasdaq's $1.00 minimum bid price requirement, with a deadline of November 10, 2025, to regain compliance. The company is monitoring its stock price and may consider actions such as a reverse stock split but cannot guarantee that it will meet the requirement or maintain compliance with other Nasdaq listing standards.

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