DelistingApr 15, 2026, 05:01 PM
Beyond Air Appeals Nasdaq Delisting Notice for Bid Price Non-Compliance
AI Summary
Beyond Air, Inc. received a notice from Nasdaq's Listing Qualifications Department stating non-compliance with the $1.00 bid price requirement. The company has timely requested a hearing before the Nasdaq Hearings Panel to appeal this determination. As a result, the delisting action is stayed, and the company's common stock is expected to continue trading on Nasdaq pending the outcome of the hearing, which is scheduled for May 14, 2026.
Key Highlights
- Beyond Air received a Nasdaq delisting notice for not meeting the $1.00 bid price requirement.
- The company timely requested a hearing before the Nasdaq Hearings Panel on April 13, 2026.
- The hearing is scheduled for May 14, 2026.
- Company's common stock will continue to be listed on Nasdaq pending the hearing outcome.
Price Impact
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