Relmada Therapeutics Inc. has announced a regulatory issue regarding its listing on the Nasdaq Stock Market. The company received notice from Nasdaq that it failed to maintain a minimum bid price of $1 per share for 30 consecutive business days, as required by Nasdaq's listing rules. On July 22, 2025, Nasdaq approved the transfer of Relmada's listing to the Nasdaq Capital Market and granted an extension until January 19, 2026, to regain compliance. To meet the requirements, Relmada's stock must have a closing bid price of at least $1 for ten consecutive business days within the compliance period. The company is actively monitoring the situation and exploring measures to maintain its Nasdaq listing. However, there is no guarantee that compliance will be achieved.
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