Post by icemandios on Jan 27, 2021 13:46:57 GMT
Item 8.01 Other Events
Nasdaq Listing Deficiency Resolved
PolarityTE, Inc. (the “Company”) reported in December 2020 that it received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
The Company has been advised through a letter from Nasdaq that that it has regained compliance with the Minimum Bid Price Requirement based on the closing bid price for the Company’s common stock during the 10-day trading period beginning January 8, 2021, and that the listing requirement deficiency is closed.
