LumiraDx receives noncompliance notification from Nasdaq

LumiraDx announced that it has received notification from Nasdaq that it is not in compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450 for continued listing on the Nasdaq Global Market, since the closing bid price for the company’s common shares on the Nasdaq Global Market was below $1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5450 requires the common shares to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810 provides that failure to meet such requirement exists if the deficiency continues for a period of 30 consecutive business days.