Form 8-K BIOLASE, INC For: Mar 04
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Biolase (BIOL) Receives Nasdaq Non-compliance Letter
March 5, 2024 6:17 AM ESTOn March 4, 2024, Biolase (NASDAQ: BIOL) received a deficiency letter from the Listing Qualifications Department (the Staff) of the Nasdaq Stock Market (Nasdaq) notifying the Company that, for the last 30 consecutive business days, ending on March 1, 2024, the bid price for the Companys common stock had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the Bid Price Rule). In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until September 3, 2024 (the Compliance Date), to regain compliance with the... More
