LumiraDx Announces its Securities will be Suspended from Trading on Nasdaq at the Open of Business on January 9th
LumiraDx Limited (LMDX)
Company Research
Source: GlobeNewswire
LONDON, Jan. 05, 2024 (GLOBE NEWSWIRE) -- LumiraDx Limited (Nasdaq: LMDX)(the “Company”) today announced that it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that its securities will be suspended from trading at the open of business on January 9, 2024 as a result of the Company’s failure to maintain compliance with Nasdaq’s continued listing standards. As previously disclosed, on October 24, 2023, the Company received a notice from Nasdaq’s Listing Qualifications Department (the “Staff”) stating that the Company’s securities were subject to delisting from The Nasdaq Global Market due to a failure to maintain compliance with the minimum bid price requirement of Nasdaq’s continued listing standards. The Company appealed the Staff’s determination and a hearing was scheduled for January 18, 2024. On December 29, 2023, the Company announced the appointment of joint administrators for two of its subsidiaries, LumiraDx Group Limited and LumiraDx International Lim
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