BioAtla Inc. Faces Nasdaq Delisting Threat Due to Failure to Meet Stockholders' Equity Requirement

Reuters
05-17
BioAtla Inc. Faces Nasdaq Delisting Threat Due to Failure to Meet Stockholders' Equity Requirement

BioAtla Inc. has announced that it received a notice from the Nasdaq Stock Market on May 12, 2025, indicating that the company is no longer in compliance with Nasdaq's minimum stockholders' equity requirement of $10 million. As of March 31, 2025, BioAtla's stockholders' equity was reported at $547,000, falling short of the necessary threshold for continued listing on the Nasdaq Global Market. The company has until June 26, 2025, to submit a plan to regain compliance. If approved, BioAtla may receive a 180-day extension to meet the requirements. The company intends to submit the compliance plan by the deadline and is exploring all reasonable measures to maintain its Nasdaq listing. However, there is no guarantee that the plan will be approved or that compliance will be achieved.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BioAtla Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-073688), on May 16, 2025, and is solely responsible for the information contained therein.

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