I-Mab (IMAB) late Friday said it received a notice from Nasdaq this week stating that its American Depositary Shares risk delisting unless the stock regains compliance with the exchange's $1 minimum bid price requirement.
The notice has no immediate effect on I-Mab's listing, and the company has until Sept. 15 to achieve a closing bid price of at least $1 for ten consecutive business days.
I-Mab said it is monitoring its stock price and evaluating options to regain compliance.
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