According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Cytosorbents Corporation (referred to as Cytosorbents) received approval from the Nasdaq Exchange on April 1 to extend its deadline for regaining minimum share price compliance by 180 days.
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This extension provides the company with more time to meet the Nasdaq listing requirement that the stock price must not fall below 1 US dollar for 10 consecutive trading days. If this standard is not met during the period, the company may face the risk of delisting.
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