Assure Holdings (IONM) has released an update to notify the public and investors about listing compliance status.
Assure Holdings Corp. was notified by Nasdaq that it failed to meet the minimum bid price and stockholders’ equity requirements for continued listing on The Nasdaq Capital Market. Although granted a 180-day period to regain compliance, the company did not meet the bid price condition and may not be granted a second compliance period. It plans to appeal and request a hearing, which will delay any delisting action. However, there is no guarantee that the company will be able to maintain its listing, and delisting could negatively affect its stock price and ability to raise capital.
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For a comprehensive understanding of the announcement, you can read the full document here.
