RenovoR announced that, in light of its recent successful fundraising activity, it has received written confirmation from The Nasdaq Stock Market that the Company has regained compliance with the $2.5M minimum stockholders’ equity requirement in Nasdaq Listing Rule 5550 b1 . As a result, the Company’s previously announced hearing before a Nasdaq Hearings Panel on this matter is no longer required and has been cancelled. Further, the Company will not require any ongoing Nasdaq Hearings Panel monitor.
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