Cuprina Completes Reverse Split, Seeks Nasdaq Hearing to Avoid Delisting

MT Newswires Live05-30

Cuprina Holdings (CUPR) said it completed a reverse stock split on Wednesday and requested a hearing before a Nasdaq panel in response to a staff determination letter received the same day.

The letter notified the company that because it failed to regain compliance with Nasdaq's $1 minimum bid price requirement, its securities will be scheduled for delisting unless it appeals the determination, Cuprina said Friday in a statement.

The company filed its hearing request on Thursday.

Cuprina said the share consolidation completed Wednesday is expected to bring its bid price back into compliance with the exchange requirement.

Price: 2.45, Change: -0.85, Percent Change: -25.64

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