WORK Medical (WOK) announced that the company received a determination letter from Nasdaq, notifying the company of Nasdaq’s determination to delist the company’s Class A ordinary shares from Nasdaq because the company’s Class A ordinary shares had a closing bid price of 10c or less for ten consecutive trading days ending October 8, which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810. The company will consider all available options to regain compliance with the Nasdaq Listing Rules for continued listing on Nasdaq, including, if appropriate, implementing a reverse share split.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOK:
- WORK Medical granted additional 180-day period to regain Nasdaq compliance
- WORK Medical Technology Group Secures $2.9 Million in Registered Direct Offering
- WORK Medical partners with Hong Kong Web3.0 to collab on blockchain, RWA
- WORK Medical partners with Wuxi Branch of Xin Rui Hosptal
- WORK Medical Technology Group Approves Key Resolutions at September 2025 Meeting