Summary
66.92 -0.34(-0.51%)07/26/2024
Nasdaq Inc (NDAQ)
Nasdaq Inc (NDAQ)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.51 | 7.06 | 11.91 | 11.27 | 14.16 | 31.42 | 114.83 | 1,491.49 |
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| Trading Data | ||
| Close | 66.92 | |
| Open | 67.60 | |
| High | 67.66 | |
| Low | 66.26 | |
| Volume | 2,733,301 | |
| Change | -0.34 | |
| Change % | -0.51 | |
| Avg Volume (20 Days) | 1,939,000 | |
| Volume/Avg Volume (20 Days) Ratio | 1.41 | |
| 52 Week Range | 46.88 - 67.77 | |
| Price vs 52 Week High | -1.25% | |
| Price vs 52 Week Low | 42.75% | |
| Range | -1.01 | |
| Gap Up/Down | -0.17 | |
Fundamentals | ||
| Market Capitalization (Mln) | 38,605 | |
| EBIDTA | 2,262,000,128 | |
| PE Ratio | 32.4385 | |
| PEG Ratio | 1.9779 | |
| WallStreet Target Price | 65.33 | |
| Book Value | 18.7730 | |
| Earnings Per Share | 1.8700 | |
| EPS Estimate Current Quarter | 0.6500 | |
| EPS Estimate Next Quarter | 0.6800 | |
| EPS Estimate Current Year | 2.6700 | |
| EPS Estimate Next Year | 3.0200 | |
| Diluted EPS (TTM) | 1.8700 | |
| Revenues | ||
| Profit Marging | 0.1597 | |
| Operating Marging (TTM) | 0.2712 | |
| Return on asset (TTM) | 0.0454 | |
| Return on equity (TTM) | 0.1164 | |
| Revenue TTM | 6,205,000,192 | |
| Revenue per share TTM | 11.7900 | |
| Quarterly Revenue Growth (YOY) | 0.0920 | |
| Quarterly Earnings Growth (YOY) | -0.3440 | |
| Gross Profit (TTM) | 3,582,000,000 | |
| Dividends | ||
| Dividend Share | 0.8800 | |
| Dividend Yield | 0.0158 | |
| Valuations | ||
| Trailing PE | 32.4385 | |
| Forward PE | 22.7273 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 3.2748 | |
| Revenue Enterprise Value | 7.5281 | |
| EBITDA Enterprise Value | 22.8711 | |
| Shares | ||
| Shares Outstanding | 576,532,992 | |
| Shares Float | 442,800,086 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 10.73 | |
| Institutions (%) | 78.48 | |
07/26 19:41 EST - globenewswire.com
SRIVARU Holding Limited Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal
GRAND CAYMAN, Cayman Islands, July 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles today announced that on July 24, 2025, the Company received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination of the Nasdaq staff (the “Staff”) that because the Company had not regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Rule”), the Company's ordinary shares are now subject to delisting from the Nasdaq Global Market. In addition, the Staff advised that the Company's warrants are subject to delisting pursuant to Listing Rule 5455(a). Unless the Company requests an appeal of this determination, the Company's ordinary shares and warrants would be scheduled for delisting from The Nasdaq Global Market at the opening of business on August 2, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.
SRIVARU Holding Limited Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal
GRAND CAYMAN, Cayman Islands, July 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles today announced that on July 24, 2025, the Company received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination of the Nasdaq staff (the “Staff”) that because the Company had not regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Rule”), the Company's ordinary shares are now subject to delisting from the Nasdaq Global Market. In addition, the Staff advised that the Company's warrants are subject to delisting pursuant to Listing Rule 5455(a). Unless the Company requests an appeal of this determination, the Company's ordinary shares and warrants would be scheduled for delisting from The Nasdaq Global Market at the opening of business on August 2, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.
07/26 16:30 EST - globenewswire.com
Prestige Wealth Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
HONG KONG, July 26, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on July 23, 2024, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the closing bid price of the Class A ordinary shares of the Company for the last 33 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.
Prestige Wealth Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
HONG KONG, July 26, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on July 23, 2024, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the closing bid price of the Class A ordinary shares of the Company for the last 33 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.
07/26 16:10 EST - globenewswire.com
Rail Vision Receives Nasdaq Notification Regarding Minimum Bid Requirements
Ra'anana, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today that on July 22, 2024, the Company received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its Ordinary Shares was below $1.00 per share for the last 30 consecutive business days.
Rail Vision Receives Nasdaq Notification Regarding Minimum Bid Requirements
Ra'anana, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today that on July 22, 2024, the Company received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its Ordinary Shares was below $1.00 per share for the last 30 consecutive business days.
07/26 16:10 EST - globenewswire.com
Nasdaq Announces Launch of Secondary Offering of Nasdaq Common Stock
NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (the “Company” or “Nasdaq”) today announced a secondary public offering of 41,604,207 shares of its common stock currently held by Argus Seller, LP (the “Selling Stockholder”), an affiliate of certain funds managed by Thoma Bravo, L.P. Nasdaq is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholder in the offering.
Nasdaq Announces Launch of Secondary Offering of Nasdaq Common Stock
NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (the “Company” or “Nasdaq”) today announced a secondary public offering of 41,604,207 shares of its common stock currently held by Argus Seller, LP (the “Selling Stockholder”), an affiliate of certain funds managed by Thoma Bravo, L.P. Nasdaq is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholder in the offering.
07/26 13:01 EST - zacks.com
What Makes Nasdaq (NDAQ) a New Buy Stock
Nasdaq (NDAQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
What Makes Nasdaq (NDAQ) a New Buy Stock
Nasdaq (NDAQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
07/26 09:15 EST - seekingalpha.com
QDTE: Weekly Variable Distributions On Nasdaq 100, 10% Yield
Roundhill N-100 0DTE Covered Call Strategy ETF seeks income from the Nasdaq 100 index via selling synthetic covered call options. QDTE pays variable weekly distributions, offering a trailing 10% yield, and has outperformed a similar ETF. Investors recouped 10% of their investment so far, but tax implications and risks should be considered before investing.
QDTE: Weekly Variable Distributions On Nasdaq 100, 10% Yield
Roundhill N-100 0DTE Covered Call Strategy ETF seeks income from the Nasdaq 100 index via selling synthetic covered call options. QDTE pays variable weekly distributions, offering a trailing 10% yield, and has outperformed a similar ETF. Investors recouped 10% of their investment so far, but tax implications and risks should be considered before investing.
07/26 08:45 EST - globenewswire.com
Motorsport Games Announces $1 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into definitive agreements for the sale and issuance of 460,830 shares of Class A common stock (or pre-funded warrants in lieu thereof) of the Company at an offering price of $2.17 per share (or per pre-funded warrant in lieu thereof), in a registered direct offering priced at-the-market under the Nasdaq rules. In a concurrent private placement, Motorsport Games will issue unregistered Series A warrants to purchase up to 460,830 shares of Class A common stock and unregistered Series B warrants to purchase up to 460,830 shares of Class A common stock, each will be exercisable on the effective date of stockholder approval of the issuance of the shares upon exercise of the unregistered common warrants (the “Stockholder Approval”), at an exercise price of $2.17 per share. The Series A warrants will expire five and one-half years following the Stockholder Approval and the Series B will expire 18 months following the Stockholder Approval. The closing of the offering is expected to occur on or about July 29, 2024, subject to the satisfaction of customary closing conditions.
Motorsport Games Announces $1 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into definitive agreements for the sale and issuance of 460,830 shares of Class A common stock (or pre-funded warrants in lieu thereof) of the Company at an offering price of $2.17 per share (or per pre-funded warrant in lieu thereof), in a registered direct offering priced at-the-market under the Nasdaq rules. In a concurrent private placement, Motorsport Games will issue unregistered Series A warrants to purchase up to 460,830 shares of Class A common stock and unregistered Series B warrants to purchase up to 460,830 shares of Class A common stock, each will be exercisable on the effective date of stockholder approval of the issuance of the shares upon exercise of the unregistered common warrants (the “Stockholder Approval”), at an exercise price of $2.17 per share. The Series A warrants will expire five and one-half years following the Stockholder Approval and the Series B will expire 18 months following the Stockholder Approval. The closing of the offering is expected to occur on or about July 29, 2024, subject to the satisfaction of customary closing conditions.
07/26 08:30 EST - globenewswire.com
Webuy Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirements
Singapore, July 26, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that, following the receipt of a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on January 26, 2024 regarding the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on the Nasdaq Capital Market, it received written notification from Nasdaq, providing an additional 180 calendar days, or until January 21, 2025, to regain compliance with the minimum bid price of U.S. $1.00, as required by Nasdaq Listing Rule.
Webuy Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirements
Singapore, July 26, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that, following the receipt of a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on January 26, 2024 regarding the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on the Nasdaq Capital Market, it received written notification from Nasdaq, providing an additional 180 calendar days, or until January 21, 2025, to regain compliance with the minimum bid price of U.S. $1.00, as required by Nasdaq Listing Rule.
07/26 07:30 EST - globenewswire.com
United Community Banks, Inc. Announces Transfer of Listing of Common Stock and Depositary Shares to NYSE
GREENVILLE, S.C., July 26, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI; UCBIO) (the “Company” or “United”) announced today that the Company will transfer the listing of its common stock and its Depositary Shares (each representing 1/1000th interest in a share of Series I Non-Cumulative Preferred Stock) from the Nasdaq Stock Market LLC (“Nasdaq”) to the New York Stock Exchange (“NYSE”). The Company expects to commence trading as a NYSE-listed company upon market open on August 6, 2024. United's common stock and depositary shares will trade under new ticker symbols, “UCB” and “UCB PRI”, respectively, after the transfer. The Company's common stock and depositary shares will continue to trade on Nasdaq until the close of the market on August 5, 2024.
United Community Banks, Inc. Announces Transfer of Listing of Common Stock and Depositary Shares to NYSE
GREENVILLE, S.C., July 26, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI; UCBIO) (the “Company” or “United”) announced today that the Company will transfer the listing of its common stock and its Depositary Shares (each representing 1/1000th interest in a share of Series I Non-Cumulative Preferred Stock) from the Nasdaq Stock Market LLC (“Nasdaq”) to the New York Stock Exchange (“NYSE”). The Company expects to commence trading as a NYSE-listed company upon market open on August 6, 2024. United's common stock and depositary shares will trade under new ticker symbols, “UCB” and “UCB PRI”, respectively, after the transfer. The Company's common stock and depositary shares will continue to trade on Nasdaq until the close of the market on August 5, 2024.
07/26 07:00 EST - seekingalpha.com
The REIT Way To Invest
Stocks, especially the tech-heavy Nasdaq, plummeted on Wednesday with the Dow dropping 1.25%, S&P 500 falling 2.31%, and Nasdaq cratering 3.64%. Tech stocks took a hit after lackluster Alphabet and Tesla earnings, leading to worries about Big Tech's fading power to fuel gains. Magnificent 7 tech stocks lost over $750 billion in market cap, with Nvidia, Broadcom, and Arm experiencing significant drops.
The REIT Way To Invest
Stocks, especially the tech-heavy Nasdaq, plummeted on Wednesday with the Dow dropping 1.25%, S&P 500 falling 2.31%, and Nasdaq cratering 3.64%. Tech stocks took a hit after lackluster Alphabet and Tesla earnings, leading to worries about Big Tech's fading power to fuel gains. Magnificent 7 tech stocks lost over $750 billion in market cap, with Nvidia, Broadcom, and Arm experiencing significant drops.
07/26 07:00 EST - globenewswire.com
Chemomab Therapeutics Regains Compliance With Nasdaq Minimum Bid Price Requirement
TEL AVIV, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Chemomab Therapeutics Ltd. (Nasdaq: CMMB) (Chemomab) a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
Chemomab Therapeutics Regains Compliance With Nasdaq Minimum Bid Price Requirement
TEL AVIV, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Chemomab Therapeutics Ltd. (Nasdaq: CMMB) (Chemomab) a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
07/26 06:15 EST - investorplace.com
Get Your Money Out of These 3 Nasdaq Stocks by the End of July
Nasdaq-listed stocks have sustained a prolonged rally in recent months, reflecting investor optimism and robust market sentiment. However, in recent days, we have seen a notable pullback in several overvalued stocks, with investors increasingly favoring value over high flyers.
Get Your Money Out of These 3 Nasdaq Stocks by the End of July
Nasdaq-listed stocks have sustained a prolonged rally in recent months, reflecting investor optimism and robust market sentiment. However, in recent days, we have seen a notable pullback in several overvalued stocks, with investors increasingly favoring value over high flyers.
07/26 04:15 EST - fool.com
Meet the New Nasdaq 100 and S&P 500 Artificial Intelligence Stock That Topped Nvidia in the First Half
This artificial intelligence (AI) leader rose 188% in the first half, outperforming AI chip leader Nvidia. This company recently reported its first $3 billion quarter.
Meet the New Nasdaq 100 and S&P 500 Artificial Intelligence Stock That Topped Nvidia in the First Half
This artificial intelligence (AI) leader rose 188% in the first half, outperforming AI chip leader Nvidia. This company recently reported its first $3 billion quarter.
07/25 21:40 EST - globenewswire.com
Tims China Receives Nasdaq Notice; Files 6-K
SHANGHAI and NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- On July 19, 2024, TH International Limited, (Nasdaq:THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) , received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company's ordinary shares, par value $0.00000939586994067732 per share (the “ordinary shares”), fail to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the ordinary shares for the 30 consecutive business days prior to the date of the Notice.
Tims China Receives Nasdaq Notice; Files 6-K
SHANGHAI and NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- On July 19, 2024, TH International Limited, (Nasdaq:THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) , received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company's ordinary shares, par value $0.00000939586994067732 per share (the “ordinary shares”), fail to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the ordinary shares for the 30 consecutive business days prior to the date of the Notice.
07/25 17:58 EST - investors.com
S&P 500, Nasdaq Extend Losses After GDP, Inflation Data; Nvidia Stock Enters Bear Market
The S&P 500 and Nasdaq extended their losses Thursday after GDP and inflation data. Nvidia stock entered bear market territory.
S&P 500, Nasdaq Extend Losses After GDP, Inflation Data; Nvidia Stock Enters Bear Market
The S&P 500 and Nasdaq extended their losses Thursday after GDP and inflation data. Nvidia stock entered bear market territory.
07/25 14:22 EST - fool.com
Why Nasdaq Stock Surged Today
Nasdaq's recent acquisition of Adenza has given the company a whole new look. Despite still integrating this acquisition, the early results appear to be promising.
Why Nasdaq Stock Surged Today
Nasdaq's recent acquisition of Adenza has given the company a whole new look. Despite still integrating this acquisition, the early results appear to be promising.
07/25 13:11 EST - zacks.com
Nasdaq (NDAQ) Tops on Q2 Earnings on Solid Solutions Revenues
Nasdaq's (NDAQ) second-quarter results reflect broad-based growth across three divisions and another quarter of double-digit Solutions growth.
Nasdaq (NDAQ) Tops on Q2 Earnings on Solid Solutions Revenues
Nasdaq's (NDAQ) second-quarter results reflect broad-based growth across three divisions and another quarter of double-digit Solutions growth.
07/25 10:35 EST - zacks.com
Nasdaq (NDAQ) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Nasdaq (NDAQ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nasdaq (NDAQ) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Nasdaq (NDAQ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
07/25 09:15 EST - zacks.com
Nasdaq (NDAQ) Tops Q2 Earnings and Revenue Estimates
Nasdaq (NDAQ) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.71 per share a year ago.
Nasdaq (NDAQ) Tops Q2 Earnings and Revenue Estimates
Nasdaq (NDAQ) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.71 per share a year ago.
07/25 07:35 EST - globenewswire.com
Purple Biotech Receives Extension to Regain Compliance with the Nasdaq's Minimum Bid Price Rule
REHOVOT, Israel, July 25, 2024 (GLOBE NEWSWIRE) -- Purple Biotech Ltd. ("Purple Biotech" or "the Company") (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class oncology therapies that overcome tumor immune evasion and drug resistance, today announced that on July 24, 2024, it received an extension of 180 calendar days from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the Nasdaq's minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price Requirement”). As a result of the extension, the Company has until January 21, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the closing bid price of the Company's American Depositary Share (“ADSs”) must be at least $1.00 for at least 10 consecutive business days (with such compliance period extendable at the discretion of Nasdaq) prior to January 21, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed.
Purple Biotech Receives Extension to Regain Compliance with the Nasdaq's Minimum Bid Price Rule
REHOVOT, Israel, July 25, 2024 (GLOBE NEWSWIRE) -- Purple Biotech Ltd. ("Purple Biotech" or "the Company") (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class oncology therapies that overcome tumor immune evasion and drug resistance, today announced that on July 24, 2024, it received an extension of 180 calendar days from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the Nasdaq's minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price Requirement”). As a result of the extension, the Company has until January 21, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the closing bid price of the Company's American Depositary Share (“ADSs”) must be at least $1.00 for at least 10 consecutive business days (with such compliance period extendable at the discretion of Nasdaq) prior to January 21, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed.