Pomdoctor regains Nasdaq $1 minimum bid price compliance, avoids delisting risk
POM•Nasdaq compliance restored
Pomdoctor regained compliance with Nasdaq’s $1 minimum bid price requirement under Listing Rule 5450(a)(1), removing the risk of a delisting notice tied to its American Depositary Shares.
Nasdaq confirmed the stock met the $1 threshold for 10 consecutive business days from June 25 to July 9.
A deficiency notice had been issued on Jan. 29 after the stock traded below $1 for 30 straight sessions.
The ADS will continue to trade on Nasdaq under the ticker POM.
