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Solésence, Inc. has been told it might be removed from Nasdaq because its stock price has stayed under $1.00.

TroubleRead the original at SEC EDGAR
Bad for SLSN

Solésence received a Nasdaq notice after its closing bid stayed below $1 for 30 trading days. Its listing remains in place during a 180-calendar-day fix period, but failure could make raising money and running the business harder.

SLSN · Solésence, Inc.

AI read · Bad for SLSN

The AI's read

This puts Solésence's Nasdaq listing and ability to raise money at risk. The notice does not remove its shares now, and the company may qualify for more time. Still, it has not said it has fixed the issue, and it warns that continued failure or removal could hurt its finances and business.

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