Lumiradx receives nasdaq notification regarding minimum bid price deficiency

London, april 24, 2023 (globe newswire) -- lumiradx limited (nasdaq: lmdx)(the “company”) today announced that it has received notification (the “notification”) from the nasdaq stock market llc that it is not in compliance with the minimum bid price requirement in nasdaq listing rule 5450(a)(1) for continued listing on the nasdaq global market, since the closing bid price for the company's common shares on the nasdaq global market was below us$1.00 for 30 consecutive trading days. nasdaq listing rule 5450(a)(1) requires the common shares to maintain a minimum bid price of us$1.00 per share (the “minimum bid requirement”), and nasdaq listing rule 5810(c)(3)(a) provides that failure to meet such requirement exists if the deficiency continues for a period of 30 consecutive business days.
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