Precision Therapeutics Gains Extension for Nasdaq Compliance
PRECISION THERAPEUTICS INC COMMON (AIPT)
US:NASDAQ Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, May 17, 2019 (GLOBE NEWSWIRE) -- Precision Therapeutics Inc. (Nasdaq: AIPT) (“Precision” or “the Company”), a company focused on applying artificial intelligence to personalized medicine and drug discovery, announced today that Nasdaq has determined that the Company is eligible for a 180-day grace period, or until November 11, 2019, to regain compliance with its Bid Price Rule. Nasdaq’s determination was based on the Company having met the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, with the exception of the Bid Price Rule, and on the Company’s written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. On November 16, 2018, the Company received an initial letter from The Nasdaq Stock Market (“Nasdaq”) stating that the bid price of the Company’s common stock for th
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