Clover Health Investments Regains NASDAQ Compliance

By Bobby Samwell • Wednesday, June 26 16:58 • Permanent Link

Clover Health Investments, Corp. (NASDAQ: CLOV) has announced that it has regained compliance with the minimum bid price requirement set forth in NASDAQ listing rule 5450(a)(1). The company received a written notice from NASDAQ on April 2, 2024, notifying them that they had failed to meet the $1.00 per share minimum bid price requirement. However, as of June 25, 2024, the company's Class A common stock maintained a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, allowing them to regain compliance with the listing rule.

This news indicates a positive change in the company's stock performance, as it has moved from below $1.00 per share to meeting and maintaining the minimum bid price requirement. This change is significant for Clover Health Investments, Corp. and reflects an improvement in the company's stock value.

For more information about Clover Health, you can visit their investor relations website. Today the company's shares have moved -2.3% to a price of $1.28. If you want to know more, read the company's complete 8-K report here.

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