Summary by Futu AI
Applied UV, Inc. has received a notification from the Nasdaq Listing Qualifications Staff on May 16, 2024, indicating that the company's common stock did not meet the minimum closing bid price of $1.00 per share over a 31 consecutive business day period from April 3, 2024, to May 15, 2024. This requirement is a condition for continued listing on The Nasdaq Capital Market under the Nasdaq Listing Rule 5550(a)(2). The company has been granted an initial 180-day compliance period, ending on November 12, 2024, to address and rectify the bid price deficiency. If Applied UV fails to regain compliance within this timeframe, it may be eligible for an additional 180-day period, provided it meets certain conditions, including the possibility of a reverse stock split. Failure to comply within the...Show More