Novo Integrated Sciences, a company at the forefront of healthcare innovation, has successfully met Nasdaq’s minimum bid price requirement, ensuring its continued listing on the exchange. The firm, known for its integrated medical technologies and advanced therapeutics, announced today that it had maintained a closing bid price of $1.00 or more for the necessary period.
The Nasdaq warning issued on Tuesday, November 21, 2022, highlighted that Novo's shares had fallen below the required minimum bid price. In response to this challenge, Novo was given until November 2023 to rectify the situation by maintaining its stock price above the $1.00 threshold for a sufficient number of consecutive trading days.
Between Tuesday, November 7, 2023, and Tuesday, November 21, 2023, Novo’s share price consistently met the necessary standard for regaining compliance. The deadline set by Nasdaq was achieved by Monday, November 20, 2023, when the company maintained a minimum closing bid price of $1.00 for ten consecutive days.
Novo Integrated Sciences is making strides in decentralizing non-critical healthcare delivery by leveraging technological advancements and connectivity solutions that extend beyond traditional clinical settings into homes and underserved areas. This strategy aims to prevent the deterioration of non-critical health conditions into critical ones and ensures cost-effective healthcare solutions are more widely accessible.
Their operational strategy includes a variety of clinic models and the development of over-the-counter health products to provide personalized patient care and proactive health maintenance. By focusing on multidisciplinary primary care services and holistic health strategies that incorporate rehabilitative science, Novo is redefining how healthcare is delivered and experienced.
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