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-0.0470914127423823 -0.0779580530273052 -0.0431341511673922 -0.066877720617333 -0.105658884052236 -0.0902255639097746 -0.0700435298773251 -0.166996438464583
Stock impact report

Neptune Announces Decision of Nasdaq Hearings Panel To Delist Common Shares [Yahoo! Finance]

Neptune Wellness Solutions Inc. - Ordinary Shares (NEPT) 
Company Research Source: Yahoo! Finance
the status of its appeal against the determination of the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") to delist the Company's common shares ("Common Shares"). As previously disclosed, the Company had been notified by Nasdaq on November 30, 2023 that it was not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market (NASDAQ Listing Rule 5550(a)(2)), as the bid price for the Common Shares on Nasdaq closed below US$1.00 for 30 consecutive trading days and that it was not in compliance with the minimum stockholders' equity requirement (NASDAQ Listing Rule 5550(b)(1)), as the Company's stockholders' equity was below the minimum US$2.5 million required for continued listing. The Company submitted a request for a hearing to the to the Nasdaq Hearings Panel (the "Panel") to appeal the delisting determination. The Panel hearing took place on February 29, 2024. On March 5, the Company received a written decision of t Show less Read more
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