Versus Systems announced that it received notice from The Nasdaq Stock Market on January 16, 2024 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. On January 23, 2023, Versus received notice from Nasdaq that the Company was not in compliance with the Rule, as its common shares failed to meet a closing bid price of $1.00 or more for 30 consecutive business days. The Company conducted a 1-for-16 reverse split of its common shares on December 28, 2023 to aid the compliance process. To regain compliance with the Rule, the Company’s common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. This requirement was met on January 12, 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VS:
- Versus Systems Announces Annual General Meeting Results
- Versus Systems trading halted, news pending
- Versus Systems Announces 1-For-16 Reverse Stock Split to Aid Compliance with Nasdaq Listing Requirements
- Versus Systems announces 1-for-16 reverse stock split
- Versus Systems Announces Strategic Investment from Cronus Equity Capital Group, LLC