GeoVax Labs Avoids Nasdaq Delisting with Reverse Stock Split

GeoVax Labs (GOVX) has released an update.

A company facing delisting from the Nasdaq Capital Market due to its stock price falling below the minimum requirement successfully averted this threat by conducting a reverse stock split, which raised the price above $1.00 per share. This move brought the company back into compliance with Nasdaq’s listing rules, enabling its shares to remain listed and continue trading on the market, as confirmed by a letter from Nasdaq that also cancelled the previously scheduled hearing.

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