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.
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