Psyence Biomedical Ltd. Updates on Nasdaq Notifications

Friday, 15 March 2024, 20:30

Psyence Biomedical Ltd. (Nasdaq: PBM) received important notifications from Nasdaq regarding the market value of listed securities and publicly held shares. These notifications could potentially impact the company's ongoing listing on the Nasdaq Global Market. The Company disclosed this information recently raising concerns about its market value status.
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Psyence Biomedical Ltd. Updates on Nasdaq Notifications

Psyence Biomedical Ltd. Receives Nasdaq Notifications

Psyence Biomedical Ltd. (the “Company”) (Nasdaq: PBM) announced that on March 11, 2024, it received two letters from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”), one notifying the Company (the “MVLS Notice”) that for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on the Nasdaq Global Market pursuant.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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