Nasdaq Stock Market LLC notified Repros Therapeutics Inc. that due to continued noncompliance with the minimum bid price rule, the company is not eligible for an additional 180-day extension to regain compliance.
Further, the determination serves as an additional basis for delisting the company's securities from the exchange.
The current notice has no effect on the listing of the company's common stock.
The company has also been noncompliant with the minimum stockholders' equity requirement, and had earlier requested a hearing before the Nasdaq hearings panel. An oral hearing is set for Jan. 18, 2018.