Enlivex Plans Appeal After Nasdaq Delisting Determination
Photo: TokenPost
Enlivex Ltd. (Nasdaq: ENLV) plans to appeal Nasdaq’s determination to delist its ordinary shares after their closing bid stayed below the $1 minimum for 30 consecutive business days before Oct. 22. The notice is dated Oct. 26. A reverse split during the preceding year disqualifies an issuer with a minimum-bid deficiency from a 180-day compliance period. Enlivex’s 1-for-15 reverse split took effect July 9; its 1-for-16 split became effective Oct. 27, following the previously announced 1-for-16 split plan . Enlivex plans to request an oral hearing before the Nasdaq Hearings Panel.
Source: TokenPost
