Biotricity Inc (BTCY) has released an update to notify the public and investors about listing compliance status.
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Biotricity Inc. was notified by Nasdaq that its Market Value of Listed Securities (MVLS) fell below the $35 million requirement, granting them until January 29, 2024, to comply. Failing to meet this condition, the company was informed of a potential delisting on February 8, 2024. Biotricity Inc. plans to appeal this decision and will present a plan to regain compliance with the MVLS requirement at the Nasdaq Hearings Panel, which will postpone the suspension and delisting process.
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For a comprehensive understanding of the announcement, you can read the full document here.
