Avid Bioservices Inc (CDMO)

[MusicBizExec]

Michael,

I think the 60 days is to come up with a plan that NASDAQ can approve. Here is an excerpt that I found.

"In accordance with Nasdaq's listing rules, the Company will have 60 calendar days after the receipt of a notification letter from Nasdaq to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with Nasdaq's listing rules, and Nasdaq will have the discretion to grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance."

Hopefully they won't take that long.

Best regards
dw