KAVL - Nasdaq grants Kaival Brands 180-day extension to regain compliance

2023-08-02 10:41:58 ET

• Kaival Brands Innovations Group Inc ( NASDAQ: KAVL ) on Wednesday announced that Nasdaq has granted it an additional 180 days to regain compliance with the $1 minimum bid price rule requirement, following the expiration of the initial 180 days period to regain compliance on July 31.
• Nasdaq’s action follows the submission by Kaival Brands to Nasdaq of a plan for regaining compliance with the Bid Price Rule.
• As a result of the extension, Kaival Brands now has until January 29, 2024 to regain compliance with the $1 minimum bid price rule requirement.
• If at any time before January 29, 2024, the bid price of Kaival Brands’ common stock closes at or above $1 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the company that it has achieved compliance.
• If Kaival does not regain compliance by January 29, Nasdaq will provide written delisting notification.
• KAVL is +1.52284% to $0.6
• Source: Press Release

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