Neptune Wellness receives noncompliance notification from Nasdaq

Neptune Wellness announced that it has received a letter from Nasdaq notifying the Company that, based on the reported stockholders’ equity of Neptune as reported in its recent Annual Report on Form 10-K, the company does not meet the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market under the equity criteria under Nasdaq Listing Rule 5550 stating listed companies must maintain stockholders’ equity of at least $2,500,000