OSR Health faces Nasdaq delisting notice over minimum bid price rule breach
OSRH•Nasdaq delisting determination
OSR Holdings unit OSR Health received a Nasdaq staff delisting determination for failing to regain compliance with the $1 minimum bid rule.
Common stock and warrants face removal from the Nasdaq Capital Market unless OSR Health wins an appeal to the Nasdaq hearings panel.
OSR Health plans to request a panel hearing to challenge the determination under Nasdaq’s Rule 5800 appeals process.
Trading activity and price levels
Shares traded 370 million on Aug. 17 and 145 million on Aug. 18; public float is about 18.5 million.
The stock hit an intraday high of $0.84 on Aug. 18, short of the $1 compliance threshold.
