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InMed receives Nasdaq notice over equity requirement (INM:NASDAQ)

  • InMed Pharmaceuticals (INM) said on Friday it received a Nasdaq notice after reporting shareholders’ equity of $1.08M, below the $2.5M minimum required for continued listing.
  • The company has 45 days to submit a compliance plan. It expects its planned merger with Mentari Therapeutics and related financing to restore compliance.
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