trending Market Intelligence /marketintelligence/en/news-insights/trending/qrn9kirqyzsgpwo9ys4i6g2 content esgSubNav
In This List

Neovasc plans reverse stock split to regain Nasdaq compliance

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Neovasc plans reverse stock split to regain Nasdaq compliance

Neovasc Inc. is seeking shareholder approval for a reverse stock split to regain compliance with Nasdaq Capital Market's minimum bid price requirement.

The Canadian specialty medical device company said an affirmative vote could help it gain an extension to the July 2 deadline set by Nasdaq.

Neovasc is proposing a reverse stock split of up to 1-for-100, with timing to be determined by its board.

The company recently regained compliance with the exchange's $35 million minimum market value listing requirement.