Jupiter Neurosciences says $2 million stock sale lifts equity above Nasdaq minimum listing threshold
JUNS•Stock sale expected to restore equity compliance
Jupiter Neurosciences says it completed a $2 million registered direct offering to address Nasdaq’s $2.5 million minimum stockholders’ equity rule.
Management now expects stockholders’ equity exceeds the threshold, pending Nasdaq’s formal compliance determination.
Nasdaq will continue monitoring the requirement; failure to show compliance in the next periodic report could trigger delisting risk.
