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TTOO - T2 Biosystems gets Nasdaq notice on failure to comply with minimum bid price rule
T2 Biosystems Inc.
T2 Biosystems (TTOO) on Thursday received a Nasdaq notice regarding its failure to comply with the $1 minimum bid price rule for continued listing. TTOO filed an appeal and hearing request to stay the delisting of its shares. Nasdaq informed TTOO that the delisting action has been stayed and the hearing date has been set for Jun. 2. TTOO intends to present a plan to regain compliance, which may include a reverse stock split.