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BSTG

Biostage

$0.84

0.03 (3.70%)

07:08
11/22/16
11/22
07:08
11/22/16
07:08

Biostage receives listing deficiency notice from Nasdaq

Biostage announced that it has received a continued listing deficiency notice from The NASDAQ Stock Market because its share price has not met the $1.00 minimum closing bid price requirement for 30 consecutive business days [Nasdaq Listing Rule 5450. This notice has no immediate effect on the Company's Nasdaq listing or the trading of its common stock. Nasdaq has provided Biostage with a 180-day compliance period, until May 17, 2017, in which to regain compliance with the minimum bid price requirement. If at any time during the compliance period, the closing bid price of Biostage's common stock is at least $1.00 per share for at least ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

BSTG Biostage
$0.84

0.03 (3.70%)

04/07/16
MAXM
04/07/16
INITIATION
Target $8
MAXM
Buy
Biostage assumed with a Buy at Maxim
Maxim analyst Jason Kolbert earlier today assumed coverage of Biostage with a Buy rating and $8 price target.
11/10/16
MAXM
11/10/16
DOWNGRADE
MAXM
Hold
Biostage downgraded to Hold from Buy at Maxim
11/11/16
11/11/16
DOWNGRADE

Hold
Biostage downgraded to Hold due to financing overhang at Maxim
As previously reported, Maxim analyst Jason Kolbert downgraded Biostage to Hold from Buy given the tough financing environment for Biotech and concerns about the company's cash balance, which now stands at only $6M.

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