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Monopar Regains Compliance with Nasdaq Minimum Bid Price Rule

Key Takeaway: Monopar Therapeutics Inc. has announced its compliance with the Nasdaq minimum bid price requirement, following a period where its common stock price consistently closed above $1.00 across 10 trading sessions. This compliance with Nasdaq Listing Rule 5550(a)(2) secures their continued listing on the exchange. The company is focused on developing innovative cancer treatments and has several promising products in various stages of development.
Price reaction · baseline $2.62 (2024-08-26 close) · hit after-hours · clean, no other MNPR news in the window
day 0 close
-8.4%
day 1 · peak
-13.7%
day 3
-8.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • Regained compliance with Nasdaq minimum bid price requirement.
  • Company's stock price has stabilized above $1.00 for 10 consecutive sessions.
  • Ensures continued listing on Nasdaq for Monopar Therapeutics.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+140%
120-day peak, hindsight
Typical move
5.5%
average across 4 past catalysts
Cash runway
~97 mo
Minimal dilution risk
Lead asset
MNPR-101-PCTA-177Lu
Phase 1 · Solid Tumor, Adult

Full Press Release Details

WILMETTE, Ill., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Monopar Therapeutics Inc. (Nasdaq: MNPR), a clinical-stage radiopharma company focused on developing innovative treatments for cancer patients, today announced that it received notice from The Nasdaq Stock Market LLC (Nasdaq) that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) as a result of the closing bid price of the Company’s common stock being $1.00 per share or greater for 10 consecutive trading sessions. The Company is now compliant with the minimum bid price listing standard for continued Nasdaq listing.
About Monopar Therapeutics Inc.
Monopar Therapeutics is a clinical-stage radiopharmaceutical company focused on developing innovative treatments for cancer patients, including Phase 1-stage MNPR-101-Zr for imaging advanced cancers, Phase 1-stage MNPR-101-Lu and late preclinical-stage MNPR-101-Ac225 for the treatment of advanced cancers, as well as early development stage programs against solid cancers. For more information, visit: www.monopartx.com.
Monopar Therapeutics Inc.
Karthik Radhakrishnan
Chief Financial Officer
Follow Monopar on social media for updates:
Twitter: @MonoparTx LinkedIn: Monopar Therapeutics

Frequently Asked Questions

What recent compliance status did Monopar Therapeutics achieve?

Monopar Therapeutics has regained compliance with Nasdaq's minimum bid price requirement.

What was Monopar's common stock closing bid price?

The closing bid price of Monopar’s stock was $1.00 or greater for 10 sessions.

What type of company is Monopar Therapeutics?

Monopar Therapeutics is a clinical-stage radiopharmaceutical company focused on cancer treatments.

What is MNPR-101-Zr used for?

MNPR-101-Zr is in Phase 1 development for imaging advanced cancers.

How can I find updates about Monopar Therapeutics?

Follow Monopar on Twitter and LinkedIn for the latest updates.

Last updated: Aug 27, 2024