ETFs
NBY

NovaBay Pharmaceuticals Receives Non-Compliance Letter From NYSE American

NovaBay Pharmaceuticals (NBY) early Wednesday said it received a notice from the NYSE American stock exchange informing the biopharmaceutical firm that it is not in compliance with its listing rules requiring stockholders' equity of $6 million or more if the company has reported losses from continuing operations and or net losses in its five most recent fiscal years.

NYSE American has now required the company to submit a plan of compliance by May 12 addressing how it plans to regain compliance by Oct. 12. NovaBay CEO Justin Hall said in a statement that the company fully intends to submit a plan to regain compliance with NYSE American's listing standards within the required time period.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NBY

Latest ETFs Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More