Veru (VERU) has released an update to notify the public and investors about listing compliance status.
Veru Inc. received a notification from Nasdaq on January 25, 2024, for not meeting the minimum bid price requirement of $1.00 per share over 30 consecutive business days. The company’s common stock remains listed on the Nasdaq Capital Market and has until July 23, 2024, to regain compliance. If the stock price closes at or above $1.00 for at least 10 consecutive trading days before this deadline, Nasdaq will confirm compliance. Failing to meet the requirement by July 23 may lead to an additional 180 days to demonstrate compliance, provided the company meets certain conditions, including a potential reverse stock split. Non-compliance after this period could result in delisting.
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