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PAVMed faces Nasdaq delisting over share price rule

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PAVMed Inc., a medical device company with a market capitalization of just $6.86 million, is currently under scrutiny from the Nasdaq Stock Market due to its share price falling below the required minimum.
PAVmed Inc., a medical device company, is at risk of being delisted from the Nasdaq Capital Market because its share price has fallen below the required $1 minimum bid price. The company has been given until November 12, 2024, to regain compliance with this rule. If PAVmed's stock does not close at or above $1 for at least 10 consecutive business days within this period, it could face delisting. The company has previously received a similar notice in January 2023 but managed to regain compliance. PAVmed has also been dealing with financial challenges, including a significant net loss in the first quarter of 2024, and has been exploring strategic alternatives to improve its financial position.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/pavmed-faces-nasdaq-delisting-over-share-price-rule/ar-AA1xRllR ]