Gelesis receives notice of nyse market capitalization listing rule non-compliance

Boston--( business wire )--gelesis holdings inc. (nyse: gls) (“gelesis” or the “company”) today noted that on november 16, 2022, the company received a notification letter (the “notice”) from the new york stock exchange (the “nyse”) advising that it was not in compliance with the continued listing standard set forth in section 802.01b of the nyse listed company manual because its total market capitalization was less than $50 million over a 30 trading-day period and its stockholders' equity was less than $50 million over a separate 30 trading-day period. the company's common stock will continue to be listed and traded on the nyse during the cure period referred to below, subject to the company's compliance with other nyse continued listing standards.
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