NEXGEL Regains Compliance with Nasdaq Listing Requirement
NEXGEL said Nasdaq notified it that it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), and the matter is closed. Its common stock will continue to be listed and traded on the Nasdaq Capital Market.
Why it matters — NXGL watchers may note that the company has resolved this Nasdaq listing-compliance matter and its listing will continue on the Nasdaq Capital Market.