OncoCyte regains compliance with Nasdaq listing requirements

Oncocyte has received written notice from the Listing Qualifications Staff of the Nasdaq Stock Market stating that the Company has regained compliance with the Nasdaq minimum bid price continued listing requirement and the matter is now closed. The Company was previously notified by Nasdaq on August 9, 2022 that it was not in compliance with the minimum bid price requirement because its common stock had failed to maintain a minimum bid price of $1.00 or more for 30 consecutive business days. To regain compliance, the Company’s common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved from July 25, 2023 to August 7, 2023, subsequent to the Company’s 1-for-20 reverse stock split.