MedAvail Holdings (MDVL) has released an update to notify the public and investors about listing compliance status.
MedAvail Holdings, Inc. has filed for Chapter 7 bankruptcy, leading Nasdaq to notify the company of its impending stock delisting due to public interest concerns and doubts about the company’s ability to meet listing requirements. MedAvail’s common stock will be suspended from trading on February 13, 2024, and will be formally delisted, with the company choosing not to appeal this decision. This event is a significant shift for stakeholders and reflects uncertainties in the company’s future operations and financial health.
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For a comprehensive understanding of the announcement, you can read the full document here.