BioSig Technologies (BSGM) Receives Nasdaq Delisting Notice

On March 5, 2024, BioSig Technologies (NASDAQ: BSGM) received a letter from the Listing Qualifications Department of Nasdaq stating that the Company has not regained compliance with the Rule and is not eligible for a second 180 day period under Rule 5810(c)(3)(A)(2) because the Company does not comply with the $5,000,000 minimum stockholders’ equity initial listing requirement for The Nasdaq Capital Market, and that accordingly, Nasdaq would delist the Company’s common stock unless the Company requested an appeal of this determination. On March 11, 2024, the Company submitted a request for a hearing before the Nasdaq Hearings Panel (the “Panel”) to appeal Nasdaq’s delisting determination. The Company is awaiting a determination from Nasdaq as to whether a hearing has been granted and, if so, the date of the hearing. The Company will be required to provide the Panel a plan to regain compliance with the Nasdaq listing requirements. The Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “BSGM” pending the ultimate conclusion of the appeal process. There can be no assurance that the Company will be granted a hearing, a favorable decision will be obtained from the Panel at the hearing or that the Company will be able to regain compliance with other Nasdaq Listing Rules.

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