Incannex Healthcare Inc. announced that it has received a notice from the Nasdaq Stock Market stating that the company is not in compliance with the minimum bid price requirement, as its common stock closed below $1.00 per share for 30 consecutive trading days. While this does not immediately affect the company's listing, Incannex has transferred its shares from the Nasdaq Global Market to the Nasdaq Capital Market and has been granted a second 180-day grace period, until April 20, 2026, to regain compliance. The company is actively evaluating options to cure the deficiency, including the possibility of a reverse stock split.
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