InMed Pharmaceuticals drops on Nasdaq notice; bid price stays below $1.00 for 30 straight sessions

Reuters
Mar 28
InMed Pharmaceuticals drops on Nasdaq notice; bid price stays below $1.00 for 30 straight sessions
  • InMed received a Nasdaq notice stating its shares failed to meet the minimum bid price requirement of $1.00 for continued listing on the Nasdaq Capital Market.
  • The notice said the closing bid price was below $1.00 for 30 consecutive trading days during the February 11, 2026 to March 26, 2026 period.
  • Nasdaq rules provide a 180-day compliance period, and InMed must have a closing bid price at or above $1.00 for at least 10 consecutive business days to regain compliance.
  • If compliance is not regained, the company may qualify for an additional 180-day period and may need to consider a reverse stock split to cure the deficiency.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InMed Pharmaceuticals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202603271705NEWSFILECNPR____20260327_290289_1) on March 27, 2026, and is solely responsible for the information contained therein.

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