Polyrizon (PLRZ) said Friday it received a notice from Nasdaq for noncompliance with the minimum closing share price requirement of $1.00 over 30 consecutive business days.
The company has until Oct. 6 to regain compliance with the listing standards.
It must maintain a minimum closing bid price of at least $1.00 per share for 10 consecutive trading days to meet the requirement, Polyrizon added.
Shares of Polyrizon were down 5% in after-hours trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.