Genetic Technologies Regains Compliance with Nasdaq Minimum Bid Price Requirement
05 Janvier 2024 - 2:00PM
Genetic Technologies Limited (NASDAQ: GENE, “Company”) a global
leader in genomics-based tests in health, wellness, and serious
disease, advises that it has received formal notice from the Nasdaq
Stock Market, LLC (“Nasdaq”) stating that the Company has regained
compliance with the minimum bid price requirement set forth in
Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the
Company received a written notice from Nasdaq on July 17, 2023,
notifying the Company that it had failed to meet the $1.00 per
share minimum bid price requirement for continued inclusion on the
Nasdaq Capital Market.
To regain compliance with the Listing Rule, the
Company’s American Depositary Shares (ADS) were required to
maintain a minimum closing bid price of $1.00 or more for at least
10 consecutive business days, which was achieved on December 28,
2023. Nasdaq has stated that this matter is now closed.
Enquiries
Investor RelationsAdrian MulcahyAutomic
MarketsM: +61 438 630 411E: adrian.mulcahy@automicgroup.com.au
About Genetic Technologies
Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq:
GENE) is a diversified molecular diagnostics company. A global
leader in genomics-based tests in health, wellness, and serious
disease through its geneType and EasyDNA brands. GTG offers cancer
predictive testing and assessment tools to help physicians to
improve health outcomes for people around the world. The company
has a proprietary risk stratification platform that has been
developed over the past decade and integrates clinical and genetic
risk to deliver actionable outcomes to physicians and individuals.
Leading the world in risk prediction in oncology, cardiovascular,
and metabolic diseases, Genetic Technologies continues to develop
risk assessment products. For more information, please visit
www.genetype.com
Genetic Technologies (NASDAQ:GENE)
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