Elutia Receives Nasdaq Notice for Failing to Meet Minimum Bid Price

Reuters11-12
<a href="https://laohu8.com/S/ELUT">Elutia</a> Receives Nasdaq Notice for Failing to Meet Minimum Bid Price

Elutia Inc. has announced that it received a notice from the Nasdaq Stock Market stating that its Class A common stock has closed below the $1.00 minimum bid price required for continued listing for the past 30 consecutive business days. The company now has 180 calendar days, until May 6, 2026, to regain compliance by having its stock close at or above $1.00 per share for at least ten consecutive business days. If Elutia does not regain compliance within this period, it may be eligible for an additional 180-day extension if it meets other listing requirements and notifies Nasdaq of its intent to resolve the deficiency, potentially through a reverse stock split. Failure to comply could result in the stock being delisted from Nasdaq.

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