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branster

01/29/21 6:11 PM

#351281 RE: Hbpainter #351280

Hbpainter, they were just not compliant and never delisted, we delisted to OTC. The company never stayed under $1 during a given period set by Nasdaq, they were able to get above $1 for ten days to get back in good grace.

exwannabe

01/29/21 6:13 PM

#351282 RE: Hbpainter #351280

In the case you are looking at the company had not been delisted. Listed companies just have to keep their price over $1. If they fall under, they have 6 months or so to get back over. That is what happened.

Once a company has been delisted, to get back on it is a new listing. That requires $4 for 90 days (in general).

biosectinvestor

01/29/21 7:34 PM

#351290 RE: Hbpainter #351280

They have not been delisted for years. They have been in a warning period and my guess is that because of the pandemic even the periods listed in this notice were further tolled again until now.

https://m.marketscreener.com/quote/stock/NOVAN-INC-31370488/news/NOVAN-INC-Notice-of-Delisting-or-Failure-to-Satisfy-a-Continued-Listing-Rule-or-Standard-Transf-31687721/