$SaverOne 2014 (SVRE.US)$ NEWS SaverOne Announces Receipt of...
NEWS
SaverOne Announces Receipt of Nasdaq Minimum Bid Price Notification
SaverOne received a notice from Nasdaq on May 17, 2024, about not meeting the minimum bid price requirement of $1.00 per share for its American Depositary Shares. This non-compliance is based on the share price for the last 31 consecutive business days. The company has 180 days, until November 13, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. If unsuccessful, SaverOne may receive an additional 180-day extension to comply, possibly through a reverse stock split. The company is actively monitoring the situation and prioritizes its continued listing on Nasdaq.
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