N2OFF (NITO) announced that on January 7, the company received formal notification from the Listing Qualification Department of the Nasdaq Stock Market that it has been granted an additional 180-day compliance period, or until July 7 to regain compliance with Nasdaq’s minimum $1.00 bid price per share requirement. If at any time until July 7 the closing bid price of the company’s common stock is at least $1.00 per share of common stock for a minimum of 10 consecutive trading days, Nasdaq will provide written confirmation of compliance to the company and the matter will be closed.
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