Neptune wellness announces receipt of nasdaq delisting notice and intention to appeal

Laval, qc / accesswire / december 4, 2023 / neptune wellness solutions inc. ("neptune" or the "company") (nasdaq:nept), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that it received notification from the nasdaq stock market llc ("nasdaq") on november 30, 2023, that nasdaq has determined to delist the company's common shares (the "common shares") due to noncompliance with the minimum bid requirement and the stockholders' equity requirement (each as defined below). the notification specifies that the company is not in compliance with the minimum bid price requirement for continued listing on the nasdaq capital market (nasdaq listing rule 5550(a)(2)), as the bid price for the common shares on nasdaq closed below us$1.00 (the "minimum bid requirement") for 30 consecutive trading days.
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