T2 Biosystems (TTOO) shares were down by more than 9% in recent Friday trading after the company said it received a Nasdaq non-compliance notice.
The notification stated that the market value of the company's listed securities no longer meets the $35 million minimum required for continued listing on the Nasdaq Capital Market, the company said.
T2 Biosystems said it was not granted any grace period but plans to request for a new hearing before the Nasdaq Hearings Panel, which will stay further action pending the panel's decision and the expiration of any extension that may be granted as a result of the hearing.
Price: 0.63, Change: -0.08, Percent Change: -11.75
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