Nutex Health Targets To Regain Compliance With Minimum Bid Price Requirement On Or Before May 20

(RTTNews) - Nutex Health Inc. (NUTX) has received a letter from Nasdaq granting it an additional 180-day extension, or until May 20, 2024, to evidence compliance with Nasdaq's $1.00 minimum bid requirement. The company intends to regain compliance on or before May 20, 2024.

Nutex Health said it will consider all available options to resolve the deficiency, including a reverse stock split. The company noted that, if the minimum bid price is not achieved within the next 180 days, it has already received shareholder approval to execute a reverse stock split and will do so at least 10 business days prior to May 20, 2024.