Qualigen Therapeutics Regains Nasdaq Compliance After Shareholder Approval Issue
Reuters
Nov 22
Qualigen Therapeutics Regains Nasdaq Compliance After Shareholder Approval Issue
Qualigen Therapeutics Inc. announced it received a letter from the Nasdaq Stock Market indicating non-compliance with Nasdaq Listing Rule 5635(b) due to a private placement transaction that resulted in a change of control without prior shareholder approval. The company has since obtained majority shareholder approval and regained compliance with the rule, closing the matter. Additionally, Qualigen received confirmation it is in compliance with Nasdaq Listing Rule 5550(b)(1) for continued listing, but will remain under a one-year Panel Monitor. If the company fails to remain in compliance during this period, it must request a hearing before the Nasdaq Hearing Panel.
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