Share Tyme Technologies (TYME): Why the price fell
- Tyme Technologies Inc’s (NASDAQ: TYME) share price fell 1.66% in the last trading session. That’s why it happened.
Tyme Technologies Inc’s (NASDAQ: TYME) share price fell 1.66% in the last trading session. Investors are reacting negatively to what was revealed in a Form 8-K.
On December 22, 2021, Tyme Technologies received a notice from the Nasdaq Stock Market indicating that the closing bid price of our common shares had been less than $ 1.00 per share for the past 30 consecutive business days, and that we are not therefore not in accordance with the minimum offer. price requirement for continued inclusion in the Nasdaq Capital Market under Nasdaq Listing Rule 5550 (a) (2). The Nasdaq notice has no immediate effect on the listing or trading of our common shares on the Nasdaq Capital Market.
The notice says we will have 180 calendar days, until June 20, 2022, to re-comply with this requirement. Tyme Technologies may re-comply with the listing requirement of a minimum $ 1.00 offer if the closing bid price of our common shares is at least $ 1.00 per share for at least ten ( 10) Consecutive business days within the 180 day compliance period.
Disclaimer: This content is intended for informational purposes. Before you make an investment, you need to do your own analysis.