July 20, 2022

Brickell Biotech regains compliance with Nasdaq, avoids delisting

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BOULDER — A reverse stock split has helped Boulder-based Brickell Biotech Inc. (Nasdaq: BBI) regain compliance with the Nasdaq stock market and avoid delisting.

Brickell said Wednesday that it had received formal notice from Nasdaq that it had regained compliance with the minimum-bid-price requirement for continued listing.

A hearing that was scheduled to review its listing has been canceled, and “Brickell’s common stock will continue to be listed and traded on Nasdaq,” the company said.

Brickell received a delisting notice from Nasdaq in June because its stock price had dropped below the minimum threshold of $1 for more than 30 consecutive days.

Brickell requested…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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