Replies to post #432968 on Amarin Corp Plc (AMRN)

[rosemountbomber]

See that Nasdaq proposed some amendments to their delisting procedure. Regardless, has anyone heard anything from the company with their intentions in this regard?

[Whalatane]

You have seen multiple extensions ?
Please list them

If a company fails to regain compliance with Nasdaq's Minimum Bid Price Requirement after the second 180-day compliance period, the following steps occur:

Delisting Determination: Nasdaq will issue a Staff Delisting Determination Letter, notifying the company that it is subject to delisting.

Appeal Option: The company may appeal the delisting determination to the Nasdaq Listing Qualifications Hearings Panel. During this appeal, the panel has discretion to grant an additional compliance period of up to 180 days for the company to regain compliance
.
Trading Suspension During Appeal: Under recently amended rules, if the company fails to regain compliance during the second 180-day period, its shares will be suspended from trading on Nasdaq during the appeal process..

Previously, shares could continue trading during this time, but this is no longer allowed under the new rules

Over-the-Counter (OTC) Trading: While suspended from Nasdaq, the company's shares may trade on the over-the-counter (OTC) market until a final decision is made by the hearings panel
.
Immediate Delisting in Certain Cases: If a company has conducted a reverse stock split within one year and still fails to meet the $1.00 bid price requirement, it will not be eligible for further compliance periods and will face immediate delisting without appeal
.
In summary, if compliance is not regained after all allowed periods and appeals, the company's shares are permanently delisted from Nasdaq.

So please list your examples of Naz Co's continuing to trade on the Naz after trading under $1 for 2 consecutive 180 day periods .
thx
Kiwi

[seve333]

If? Looks like we are headed back below .50 cents again. Denner is as always dead silent.