Neovasc Provides Update on Nasdaq Compliance
Neovasc Inc. - Common Shares (NVCN)
Last neovasc inc. - common shares earnings: 3/30 04:08 pm
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US:NASDAQ Investor Relations:
neovasc.com/neovasc-investment/overview
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Source: GlobeNewswire
VANCOUVER, Feb. 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Neovasc Inc. ("Neovasc" or the "Company") (NASDAQ, TSX: NVCN), a leader in the development of minimally invasive transcatheter mitral valve replacement technologies and in the development of minimally invasive devices for the treatment of refractory angina, today confirms that the Company fell below the Nasdaq’s minimum market value of listed securities (“MVLS”) threshold of $35 million on January 31, 2020. The MVLS test is based on the closing bid price each day. If the Company maintains an MVLS of at least $35 million for ten consecutive trading days, it will satisfy the MVLS requirement before the Nasdaq grace period ends on February 17, 2020. Today is the last day that a ten consecutive trading day period can begin and be completed before the grace period ends. The Nasdaq has discretion to require satisfaction of the $35 million MVLS requirement for a period in excess of ten consecutive trading days. We will notify
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