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Stock impact report

PainReform Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity Requirement [Yahoo! Finance]

PainReform Ltd. - Ordinary Shares (PRFX) 
Company Research Source: Yahoo! Finance
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. The notification from Nasdaq has no immediate effect on PainReform's business or the listing or trading of PainReform's ordi Show less Read more
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