DelistingApr 17, 2026, 04:07 PM
Mustang Bio Receives Nasdaq Delisting Notice for Bid Price
AI Summary
Mustang Bio, Inc. received a notice from Nasdaq on April 15, 2026, indicating non-compliance with the minimum bid price requirement. The company's common stock traded below $1.00 per share for 30 consecutive business days. Mustang Bio has been granted a 180-calendar day grace period, until October 12, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days.
Key Highlights
- Received Nasdaq notice on April 15, 2026, for bid price below $1.00.
- Stock closed below $1.00 for 30 consecutive business days.
- Granted 180-calendar day grace period until October 12, 2026.
- Must maintain $1.00 bid price for 10-20 consecutive business days to regain compliance.