Brüush Oral Care Inc. Faces Nasdaq Delisting Challenges

On March 25, 2024, Brüush Oral Care Inc. (NASDAQ:BRSH) announced it received a delisting notice from Nasdaq's Listing Qualifications Department due to its failure to file the annual report for the year ended October 31, 2023. This adds to the company's existing compliance issues, which will be reviewed at a Nasdaq hearing scheduled for April 25, 2024. Brüush is currently not meeting Nasdaq’s requirement for a minimum closing bid price of $1.00, having experienced a share price drop to $0.10 or less for ten consecutive trading days.

The company had previously appealed the Nasdaq delisting determination on February 28, 2024, seeking to present a plan to regain compliance. The upcoming hearing in April stays the suspension of Brüush’s common shares, pending the Panel’s decision and any granted extension period. However, the company has stated that there is no assurance regarding the Panel’s decision.