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received a notice from The Nasdaq Stock Market LLC on September 28, 2026, stating that its common stock is not in compliance with the exchange's minimum bid price requirement.
The notice was issued because the closing bid price for the company's shares fell below $1.00 per share for the last 30 consecutive business days.
This violation of Nasdaq Listing Rule 5450(a)(1) places the company at risk of delisting if it cannot restore its share price to the required level.
The company's common stock, which trades under the symbol BZAI on the Nasdaq Global Market, will continue to trade as usual for now.
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