The latest announcement is out from Moolec Science ( (MLEC) ).
On March 11, 2025, Moolec Science SA received a notification from Nasdaq indicating that the company’s securities have not met the $1.00 minimum bid price requirement for 30 consecutive business days, and the company is also not eligible for a second compliance period due to not meeting the $5,000,000 minimum stockholders’ equity requirement. In response, Moolec has appealed this determination and plans to execute a reverse share split to regain compliance. The appeal process temporarily halts the delisting, but there is no guarantee of an extension or compliance within any granted period. The company’s board has resolved to convene a shareholders meeting to address the reverse share split, demonstrating Moolec’s commitment to maintaining its Nasdaq listing.
More about Moolec Science
Moolec Science SA is a public limited liability company based in Luxembourg, operating under the laws of the Grand Duchy of Luxembourg. The company is involved in the science industry, focusing on innovative solutions and technologies.
YTD Price Performance: 1.22%
Average Trading Volume: 20,436
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $32.91M
See more insights into MLEC stock on TipRanks’ Stock Analysis page.
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