TOMI Risks Nasdaq Delisting, Seeks Compliance Solutions

TOMI Environmental Solutions (TOMZ) has released an update.

TOMI Environmental Solutions, Inc. has been warned by Nasdaq for not meeting the minimum stock price requirement, with its shares trading below $1 for 30 days. Although this doesn’t immediately affect its listing, the company has 180 days to fix the issue. Compliance can be achieved if its stock price hits $1 for at least 10 consecutive days before the deadline. TOMI is considering its options to meet Nasdaq’s standards.

For further insights into TOMZ stock, check out TipRanks’ Stock Analysis page.