Cuprina Holdings (Cayman) Limited Receives Nasdaq Notification Letter Concerning Minimum Bid Price Shortfall
Nasdaq Noncompliance Notification: Cuprina Holdings received a letter from Nasdaq indicating it no longer meets the minimum bid price requirement of $1 per share, based on its closing bid price over the last 30 business days.
Compliance Period: The company has a 180-day compliance period to regain compliance, during which it must maintain a closing bid price of at least $1 for ten consecutive business days to avoid delisting.
Potential for Additional Time: If Cuprina fails to regain compliance, it may qualify for an additional compliance period by meeting other listing requirements and potentially executing a reverse stock split.
Ongoing Evaluation: Cuprina is actively evaluating options to regain compliance with Nasdaq's listing requirements, although there is no guarantee of success.
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