WARRINGTON, PA — Windtree Therapeutics, Inc. (NasdaqCM: WINT) this week announced it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC (“Nasdaq”) informing Windtree that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
The Company was previously notified by Nasdaq on June 3, 2022, that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive trading days, as required by the Nasdaq Listing Rules.
To regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on March 13, 2023, the tenth consecutive trading day of the Company’s common stock bid price closing above $1.00.
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