Nasdaq Stock Exchange threatens AquaBounty with delisting

Growout tanks at an AquaBounty farm.

Maynard, Massachusetts, U.S.A.-based AquaBounty's stock faces potential removal from the Nasdaq Capital Market if it does not raise its share price above USD 1.00 (EUR 1.00).

The letter, sent on 31 October, informed the company that it has 180 calendar days, or until 1 May, 2023, to bring the closing bid of its share price back above USD 1.00. The letter does not have an immediate effect on the stock, and the company will continue to trade under the symbol AQB.

In response, AquaBounty – which is constructing a land-based recirculating aquaculture system (RAS) salmon facility in Pioneer, Ohio, U.S.A. – issued a statement saying it plans to ... 

Photo courtesy of AquaBounty

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