SCYNEXIS Inc. has announced that it received a notification from the Nasdaq Stock Market's Listing Qualifications Department, indicating that the company's common stock has failed to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days. This notification, received on June 20, 2025, does not immediately affect the company's listing on the Nasdaq Global Market. SCYNEXIS has until December 17, 2025, to regain compliance by ensuring its stock price remains at or above $1.00 for at least 10 consecutive business days. The company is exploring options to address this issue and may consider moving to the Nasdaq Capital Market, which could grant an additional 180-day compliance period. If SCYNEXIS fails to meet these conditions, its stock could face delisting, although an appeal process is available.
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.