PainReform Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders’ Equity Requirement
PainReform Ltd. - Ordinary Shares (PRFX)
Company Research
Source: GlobeNewswire
This notification has no immediate effect on the listing or trading of PainReform’s ordinary shares on the Nasdaq Capital Market TEL AVIV, Israel, Nov. 07, 2024 (GLOBE NEWSWIRE) -- PainReform Ltd. (Nasdaq: PRFX) ("PainReform" or the "Company"), a clinical-stage specialty pharmaceutical company focused on the reformulation of established therapeutics, today announced that it has received a notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it no longer satisfied the minimum $2.5 million stockholders’ equity requirement for continued listing on Nasdaq set forth in Nasdaq Listing Rule 5550(b)(1) (the “Minimum Equity Rule”) or, alternatively, the requirement that the Company either maintain a market value of listed securities of at least $35 million or generate net income from continuing operations of $500,000 in the most recently completed fiscal year or two of the last three most recently completed fiscal years.
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News
- PainReform Announces Initial Topline Data for PRF-110 Phase 3 Clinical Trial [Yahoo! Finance]Yahoo! Finance
- PainReform Announces Initial Topline Data for PRF-110 Phase 3 Clinical TrialGlobeNewswire
- PainReform Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity Requirement [Yahoo! Finance]Yahoo! Finance
- PainReform cut to Hold at Maxim amid ‘changed' market dynamics [Yahoo! Finance]Yahoo! Finance
- PainReform Ltd. (NASDAQ: PRFX) had its "hold" rating re-affirmed by analysts at Maxim Group.MarketBeat
PRFX
Sec Filings
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/14/24 - Form SC
- PRFX's page on the SEC website