Gri Bio Faces Nasdaq Delisting Threat Over Equity Rule Violation

Reuters12-02
Gri Bio Faces Nasdaq Delisting Threat Over Equity Rule Violation

Gri Bio Inc. has been notified by the Nasdaq Stock Market that it is not in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. Under Nasdaq Listing Rule 5550(b)(1), companies must maintain at least $2.5 million in stockholders' equity unless they meet specific market value or net income thresholds. The company has until January 10, 2026, to submit a plan to regain compliance. If the plan is accepted, Gri Bio could be granted an additional 180 days to meet the requirement. Failure to regain compliance could result in the company's stock being delisted from the exchange.

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