PolyPid Ltd. (PYPD) Regains Nasdaq Compliance

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Go back to PolyPid Ltd. (PYPD) Regains Nasdaq Compliance

PolyPid Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

October 11, 2023 7:00 AM EDT

PETACH TIKVA, Israel, Oct. 11, 2023 (GLOBE NEWSWIRE) -- PolyPid Ltd. (Nasdaq: PYPD) (PolyPid or the Company), a late-stage biopharma company aiming to improve surgical outcomes, today announced that it has received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities, including the Company's ordinary shares, to maintain a minimum bid price of $1.00 per share.

The Nasdaq staff made this determination of compliance after the closing... More