Aptorum Group Limited (APM, Financial) recently received a notification from Nasdaq regarding its non-compliance with the stock exchange's minimum bid price requirement of $1 per share, as mandated by Nasdaq Listing Rule 5550(a)(2). This announcement, dated April 15, 2025, does not have an immediate impact on the listing or trading of Aptorum's shares on the Nasdaq exchange.
The company has been allotted a grace period lasting 180 calendar days, giving them until October 14, 2025, to meet the required standards. Within this timeframe, Aptorum aims to explore various strategies to regain compliance. This may involve implementing a reverse stock split if deemed necessary.
Aptorum Group has expressed its dedication to maintaining its listing status on Nasdaq and is prepared to undertake all feasible measures to ensure compliance with the listing requirements within the designated period.
