Eyenovia Inc.

29/07/2024 | Press release | Distributed by Public on 29/07/2024 12:01

Material Event Form 8 K

Item 8.01. Other Events.

On July 26, 2024, Eyenovia, Inc. (the "Company") received notice from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") providing notification that the Company had regained compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

As previously reported, Nasdaq had notified the Company on July 2, 2024 that, for the preceding 30 consecutive business days, the closing bid price of the Company's common stock had been below the minimum requirement of $1.00 per share. The notification letter stated that the Company would be provided 180 calendar days to regain compliance. In order to regain compliance, the closing bid price of the Company's common stock had to be at least $1.00 for a minimum of 10 consecutive business days at any time before December 30, 2024. Subsequently, the Staff determined that, from July 12 to July 25, 2024, the closing bid price of the Company's common stock had been at $1.00 per share or greater. Accordingly, the Company had regained compliance with Listing Rule 5550(a)(2).