HCTI - Healthcare Triangle receives Nasdaq delisting notice appeals determination
2023-06-07 08:17:11 ET
- Healthcare Triangle ( NASDAQ: HCTI ) has received a Delisting Notice from the Listing Qualifications Department of the Nasdaq informing the Co. that Nasdaq has determined the Co. did not regain compliance with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule.
- On June 5, 2023, the Company submitted a request to Nasdaq for a hearing to appeal its delisting determination.
- Also, on May 26, 2023, the Co. effected a one-for-ten reverse stock split and since such time the closing price of the Company’s common stock has been greater than $2.60.
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Healthcare Triangle receives Nasdaq delisting notice, appeals determination