Centogene receives noncompliance notification from Nasdaq

Centogene announced that it received a notification letter from Nasdaq indicating that the company was not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules since the closing bid price for the company’s common shares listed on Nasdaq was below $1.00 for 30 consecutive business days. Nasdaq Rule 5450(a)(1) requires the shares to maintain a minimum bid price of $1.00 per share, and Nasdaq Rule 5810(c)(3)(A) provides that failure to meet such a requirement exists when the bid price of the shares is below $1.00 for a period of 30 consecutive business days.