Summary by Futu AI
bluebird bio received a notice from Nasdaq on September 30, 2024, indicating non-compliance with the minimum bid price requirement of $1.00 per share, as its stock has traded below this threshold for 32 consecutive business days. The company has been granted a 180-day grace period until March 31, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.If unable to meet the requirement by March 31, 2025, the company may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market. bluebird bio is actively monitoring its stock price and considering various options, including seeking shareholder approval for a reverse stock split at its 2024 Annual Meeting. The notice has no immediate effect on the company's listing, which continues to trade under "BLUE" on the Nasdaq Global Select Market.