BloomZ granted 180-day extension by Nasdaq to regain compliance

BloomZ (BLMZ) announced it has received a letter form the Nasdaq Listing Qualification Staff granting it a second 180 calendar day period, or until December 1, 2025, to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii). The company was initially notified on December 2, 2024, that it did not meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and was provided 180 calendar days, or until June 2, 2025, to regain compliance. As the company was not able to regain compliance during the first compliance period, the Staff has determined that the company is eligible for an additional 180-day period to regain compliance.