納斯達克健康實地調查通知

02:57 PM EDT, 06/22/2022 (MT Newswires) -- Field Trip Health Ltd. (TSX and Nasdaq: FTRP), a global player in the development and delivery of psychedelic therapies, announced Wednesday that it has received written notification from The Nasdaq Stock Market LLC notifying the company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq Global Select Market.

Separately, FTRP plans to release financial results for its fiscal fourth quarter and full year ended March 31, 2022, after market close on Wednesday, June 29, 2022.

On the Nasdaq notification, Listing Rules require listed securities to maintain a minimum bid price of US$1.00 per share, and further provide that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the company's common shares for the 30 consecutive business days from May 4, 2022, to June 15, 2022, the company no longer meets the minimum bid price requirement.

The Notification Letter does not impact the company's listing on the Nasdaq Global Select Market at this time. In accordance with Nasdaq Listing Rules, the company has 180 calendar days, or until December 13, 2022, to regain compliance by virtue of its common shares having a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the company does not regain compliance by December 13, 2022, it may be eligible for additional time to regain compliance or may face delisting.

As previously announced, the company intends to consolidate its common shares on a ratio of between 5 and 1 pre-consolidation common share for each pre-consolidation common share as part of the spin out transaction expected to close in early August and, therefore, anticipates that the deficiency will be cured within the prescribed compliance period. The consolidation is subject to shareholder approval at a special meeting of shareholders to be held on June 27, 2022.

The company expects that its common shares will continue to be listed and trade on the Nasdaq Global Select Market during these compliance periods. The company said its business operations are not affected by the receipt of the Notification Letter. The company is also listed on the Toronto Stock Exchange and the Notification Letter does not affect the company's compliance status with such listing.

Price: 1.07, Change: +0.02, Percent Change: +1.90