Aptorum Group regains compliance with Nasdaq minimum bid price

Aptorum Group Limited announced that it has received two notifications from the Nasdaq Stock Market LLC Listing Qualifications Department informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), and it does not currently meet the minimum market value of publicly held shares of $5,000,000 under Nasdaq Listing Rule 5450(b)(1)(C). The Nasdaq deficiency letter under Rule 5450(b)(1)(C) has no immediate effect on the listing of the company’s Class A Ordinary Shares, and its Class A Ordinary Shares will continue to trade on The Nasdaq Global Market under the symbol "APM" at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the company has been given 180 calendar days, or until August 7, 2023, to regain compliance with Rule 5450(b)(1)(C). If at any time before August 7, 2023, the company’s MVPHS closes at $5,000,000 or more for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation that the company has achieved compliance and the matter will be closed.