Nasdaq warns IO Biotech (NASDAQ: IOBT) on $50M market value rule

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IO Biotech Inc. (NASDAQ: IOBT) has received a notice from Nasdaq stating it is non-compliant with the requirement to maintain a market value of listed securities of at least $50 million for 30 consecutive business days. The company has 180 calendar days, until August 11, 2026, to regain compliance by having its market value at or above $50 million for at least ten consecutive business days. Failure to comply could lead to delisting, though the company would have an opportunity to appeal.

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