WORK Medical Technology Group (WOK) said late Tuesday it has received a Nasdaq determination letter for delisting because its Class A shares had a closing bid price of $0.10 or less for ten consecutive trading days.
The firm said trading of its shares will be suspended Oct. 20 unless it requests an appeal.
The company said it plans to appeal the determination and will consider all available options to regain compliance, including, implementing a reverse share split.
Shares were down about 19% during after-hours activity.
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