Acasti Intends to Request Hearing Before Nasdaq Panel to Present Plan of Compliance
Acasti Pharma, Inc. - Class A (ACST)
Last acasti pharma, inc. - class a earnings: 2/14 08:00 am
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US:NASDAQ Investor Relations:
acastipharma.com/investors
Company Research
Source: GlobeNewswire
LAVAL, Québec, May 17, 2021 (GLOBE NEWSWIRE) -- Acasti Pharma Inc. (“Acasti” or the “Company”) (Nasdaq: ACST and TSX-V: ACST) today announced that, on May 11, 2021, the Company received notice from the Nasdaq Listing Qualifications Department (the “Staff”) indicating that, based upon the Company’s non-compliance with the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a) (the “Rule”) as of May 10, 2021, the Company’s securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company has previously disclosed and expected such notification from Nasdaq and believes it has options to regain compliance, preferably in connection with its proposed acquisition of Grace Therapeutics, Inc. (“Grace”) as is often done in connection with similar transactions. The Company plans to timely request a hearing, which will stay any further action by Nasdaq pending the conclusion of the hearing process. Impor
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ACST
Earnings
- 2/12/24 - Beat
ACST
Sec Filings
- 4/9/24 - Form SC
- 4/1/24 - Form 8-K
- 2/13/24 - Form SC
- ACST's page on the SEC website