Neovasc regains compliance with Nasdaq minimum bid price rule
Neovasc announced that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market. Having regained compliance in respect of the minimum bid price deficiency and, as previously announced on June 25, 2019, the market value of listed securities deficiency, Neovasc has regained compliance in respect of all deficiency notices received from Nasdaq. The company received a letter from the Nasdaq in January 2019 notifying it that it was not in compliance with the minimum bid price requirement set forth in Listing Rule 5550a2 and a letter from Nasdaq on July 17, 2019 that Neovasc regained compliance again. The Nasdaq Notice confirms that the company has regained compliance with Listing Rule 5550a2 pursuant to Listing Rule 5810, as the company's closing bid price exceeded $1.00 for 10 consecutive business days from July 2, 2019 through July 16, 2019.