Nasdaq grants Biomerica an additional 180 days to meet listing compliance requirements
Biomerica (BMRA) has received a 180-day extension from Nasdaq to meet the minimum $1.00 per share bid price requirement for continued listing. The company now has until May 5, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days. The extension was granted as Biomerica meets all other Nasdaq Capital Market listing requirements, including minimum market value of publicly held shares. The company has expressed its commitment to maintaining its Nasdaq listing and is actively working to meet the bid price requirement.
Biomerica (BMRA) ha ricevuto un'estensione di 180 giorni da Nasdaq per soddisfare il requisito di prezzo minimo di offerta di $1,00 per azione per il mantenimento della quotazione. L'azienda ha ora tempo fino al 5 maggio 2025 per ripristinare la conformità mantenendo un prezzo di chiusura dell'offerta di $1,00 o superiore per almeno dieci giorni lavorativi consecutivi. L'estensione è stata concessa poiché Biomerica soddisfa tutti gli altri requisiti di quotazione del Nasdaq Capital Market, inclusi il valore di mercato minimo delle azioni pubblicamente detenute. L'azienda ha espresso il proprio impegno a mantenere la propria quotazione su Nasdaq e sta lavorando attivamente per rispettare il requisito di prezzo dell'offerta.
Biomerica (BMRA) ha recibido una extensión de 180 días por parte de Nasdaq para cumplir con el requisito de precio mínimo de oferta de $1,00 por acción para la continuidad de la cotización. La empresa ahora tiene hasta el 5 de mayo de 2025 para recuperar la conformidad manteniendo un precio de oferta de cierre de $1,00 o más durante al menos diez días hábiles consecutivos. La extensión fue otorgada ya que Biomerica cumple con todos los demás requisitos de cotización del Nasdaq Capital Market, incluido el valor de mercado mínimo de las acciones en circulación. La empresa ha expresado su compromiso de mantener su cotización en Nasdaq y está trabajando activamente para cumplir con el requisito de precio de oferta.
Biomerica (BMRA)는 나스닥으로부터 계속 상장하기 위한 최소 $1.00의 주당 입찰 가격 요구 사항을 충족하기 위해 180일 연장을 받았습니다. 회사는 2025년 5월 5일까지 10일 이상의 연속 영업일 동안 $1.00 이상의 종가를 유지하여 준수 상태를 회복해야 합니다. 연장은 Biomerica가 공개 주식의 최소 시장 가치를 포함하여 나스닥 자본 시장의 모든 다른 상장 요건을 충족하기 때문에 부여되었습니다. 이 회사는 나스닥 상장을 유지하겠다는 의지를 표명했으며 입찰 가격 요구 사항을 충족하기 위해 적극적으로 노력하고 있습니다.
Biomerica (BMRA) a reçu une prolongation de 180 jours de la part de Nasdaq pour répondre à l'exigence d'un prix d'offre minimum de 1,00 $ par action pour le maintien de la cotation. L'entreprise a désormais jusqu'au 5 mai 2025 pour retrouver la conformité en maintenant un prix de clôture d'offre de 1,00 $ ou plus pendant au moins dix jours ouvrables consécutifs. La prolongation a été accordée car Biomerica remplit toutes les autres exigences de cotation du Nasdaq Capital Market, notamment la valeur de marché minimale des actions détenues publiquement. L'entreprise a exprimé son engagement à maintenir sa cotation sur Nasdaq et travaille activement à satisfaire à l'exigence de prix d'offre.
Biomerica (BMRA) hat von Nasdaq eine 180-tägige Fristverlängerung erhalten, um die Mindestvoraussetzung von $1,00 pro Aktie für die Fortsetzung der Listung zu erfüllen. Das Unternehmen hat nun bis zum 5. Mai 2025, um die Einhaltung wiederherzustellen, indem es den Schlusskurs von $1,00 oder mehr für mindestens zehn aufeinanderfolgende Geschäftstage aufrechterhält. Die Fristverlängerung wurde gewährt, da Biomerica alle anderen Anforderungen an die Nasdaq Capital Market-Listung, einschließlich des Mindestmarktwertes der öffentlich gehaltenen Aktien, erfüllt. Das Unternehmen hat sein Engagement für die Aufrechterhaltung der Nasdaq-Listung bekundet und arbeitet aktiv daran, die Anforderungen des Erhöhungspreises zu erfüllen.
- Company meets all other Nasdaq listing requirements except bid price
- Received additional 180 days to regain compliance
- Stock trading below $1.00 minimum requirement
- Risk of potential delisting from Nasdaq if compliance not achieved by May 2025
Insights
The 180-day extension from Nasdaq represents a critical development for Biomerica, but also signals significant challenges. With a micro-cap status of just
IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Biomerica, Inc. (Nasdaq: BMRA), a leading global provider of advanced medical diagnostics, announced that it has been granted an additional 180-day compliance period from the Nasdaq Stock Market LLC ("Nasdaq") to meet the minimum
This extension was provided because Biomerica currently meets the other continued listing requirement, including the minimum market value of publicly held shares, as well as all other applicable requirements for initial listing on the NASDAQ Capital Market, with the exception of the bid price requirement. The 180-day extension was also granted based on the Company’s written notice of its intention to cure the deficiency during the 180-day compliance period.
To regain compliance, Biomerica’s common stock must close at or above a
About Biomerica (NASDAQ: BMRA)
Biomerica, Inc. (www.biomerica.com) is a global biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products used at the point-of-care (in home and in physicians' offices) and in hospital/clinical laboratories for detection and/or treatment of medical conditions and diseases. The Company's products are designed to enhance the health and well-being of people, while reducing total healthcare costs. Biomerica primarily focuses on gastrointestinal and inflammatory diseases where the Company has multiple diagnostic and therapeutic products in development.
About inFoods®
The inFoods IBS test is designed to assess a patient’s above normal immunoreactivity to specific foods utilizing a simple finger-stick blood sample. Instead of difficult to manage broad dietary restrictions, physicians can now use the inFoods IBS information to make targeted, patient-specific recommendations about trigger foods that, when removed from the diet, may alleviate IBS symptoms such as pain, bloating, diarrhea and constipation. The inFoods IBS test and clinical outcomes were studied at several prominent centers including Mayo Clinic, Beth Israel Deaconess Medical Center Inc. - a Harvard Medical School Teaching Hospital, Houston Methodist Hospital, and the University of Michigan. The clinical results for improvement in the Abdominal Pain Intensity (API) responder endpoint of >
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking, such as statements relating to the Company’s efforts to meet current and future NASDAQ listing requirements, the possibility and or probability that the Company will actually meet such requirements, the likelihood that the Company will meet and remain in compliance with the minimum bid price requirement and with all other regulatory requirements of NASDAQ in the future, statements related to sales, revenues, overhead, expenses, cost of goods, operations and earnings, efficacy of the Company’s products and tests, FDA and/or international regulatory authorization for the Company’s products to be marketed and sold, including the inFoods IBS product, and the Company’s other current and future products, the possible expansion in to other markets, uniqueness of the Company’s products, accuracy of the Company’s tests and products, expected completion of clinical studies, pricing of the Company’s test kits, domestic and/or international market adoption and acceptance and demand for the Company’s products, future use of the Company's products by physicians to treat their patients, potential revenues from the sale of current or future products. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results, in the future, including, without limitation: earnings and other financial results; results of studies testing the efficacy of the Company’s inFoods tests and other products; regulatory approvals necessary prior to commercialization of the Company’s products; availability of the Company’s test kits and other products; capacity, shipping logistics, resource and other constraints on our suppliers; dependence on our third party manufacturers; dependence on international shipping carriers; governmental import/export regulations; demand for our various tests and other products; competition from other similar products and from competitors that have significantly more financial and other resources available to them; governmental virus control regulations that make it difficult or impossible for the company to maintain current operations; regulatory compliance and oversite, and the Company’s ability to obtain patent protection on any aspects of its diagnostic or therapeutic technologies. Accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. Additionally, potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.
Corporate Contact:
Zack Irani
949-645-2111
investors@biomerica.com
Source: Biomerica, Inc.
FAQ
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