GeoVax Labs (GOVX) has released an update.
A company facing delisting from the Nasdaq Capital Market due to its stock price falling below the minimum requirement successfully averted this threat by conducting a reverse stock split, which raised the price above $1.00 per share. This move brought the company back into compliance with Nasdaq’s listing rules, enabling its shares to remain listed and continue trading on the market, as confirmed by a letter from Nasdaq that also cancelled the previously scheduled hearing.
For further insights into GOVX stock, check out TipRanks’ Stock Analysis page.
