BioCardia Inc. Granted Nasdaq Extension After Falling Below Stockholders' Equity Listing Requirement
**BioCardia Inc. Receives Nasdaq Extension to Regain Compliance** BioCardia Inc. has announced it received an extension from the Nasdaq Stock Market to regain compliance with continued listing requirements. The company had previously fallen below the minimum $2.5 million stockholders' equity threshold required by Nasdaq Listing Rule 5550(b)(1). In response, BioCardia completed two private placements in April and June 2025, raising a combined $1.25 million in net proceeds. After submitting a compliance plan in May, Nasdaq granted BioCardia until September 29, 2025, to meet the listing standard. The company is taking actions to restore compliance and maintain its Nasdaq listing.
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