Brief: Biophytis Says No Longer Satisfies Nasdaq Listing Rule 5550(A)(2).

Biophytis SA

26/10/2022 07:08

Oct 26 (Reuters) - Biophytis SA  ALBPS.PA :
    * COMPANY NO LONGER SATISFIES NASDAQ LISTING RULE
5550(A)(2).
    * NOTIFICATION LETTER HAS NO IMMEDIATE EFFECT ON LISTING OF
ADSS,
AND THEY WILL CONTINUE TO TRADE ON NASDAQ GLOBAL SELECT MARKET
UNDER SYMBOL "BPTS"
    * APPLICABLE GRACE PERIOD TO REGAIN COMPLIANCE IS 180 DAYS,
OR
UNTIL APRIL 18, 2023
    * COMPANY CAN CURE THISDEFICIENCY IF CLOSING BID PRICE OF
ITS ADSS
IS $1.00 PER SHARE OR HIGHER FOR AT LEAST TEN CONSECUTIVE
BUSINESS DAYS DURING GRACE PERIOD
    * INTENDS TO REGAIN COMPLIANCE WITHIN APPLICABLE COMPLIANCE
PERIOD
AND IS CURRENTLY EVALUATING ITS OPTIONS TO DO SO

Source text for Eikon:  ID:nEQ9NqMYfa 
Further company coverage:  ALBPS.PA 
 (Gdansk Newsroom)
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