Important Update on Listing Status and Strategic Direction
Nemaura Medical Inc. (NMRD)
NASDAQ:AMEX Investor Relations:
nemauramedical.com/investors
Company Research
Source: GlobeNewswire
Loughborough, UK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Nemaura Medical Inc. (“Nemaura Medical” or the “Company”), developer of a daily wear non-invasive glucose sensor, and digital healthcare programs, is providing a crucial update regarding recent decisions that will impact Nemaura Medical's listing status on The Nasdaq Capital Market and our broader strategic direction. Background: After thorough analysis, Nemaura Medical’s Board of Directors and management team have made the strategic decision to accept Nasdaq’s determination to delist Nemaura Medical and move to the OTC Markets. This decision arises from a careful consideration of several factors, including challenges outside of our control that have led to a significant attrition of the share price. In light of these circumstances, maintaining our Nasdaq listing would necessitate a substantial dilution of approximately 90%, a move we believe would not serve the best interests of our valued shareholders. Benefits of the OTC Marke
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Sec Filings
- 4/22/24 - Form 8-K
- 4/19/24 - Form PRE
- 4/10/24 - Form 8-K
- NMRD's page on the SEC website