iBio IBIO Stock News

IBIO Inc (NYSEAMERICAN: IBIO) is climbing in the market this morning, trading on gains of around 9% early on. The gains come after the company announced that the NYSE American has accepted its plan to regain compliance. Here’s what’s happening:

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IBIO Stock Pops On Plan To Regain Compliance

IBIO has been struggling with compliance issues with the NYSE American as of late. Unfortunately, the stock has been selling for a low share price for an extended period of time. Moreover, the company has been operating on losses and has not seen sustained improvement in its share price for some time.

All of these issues put the company in a noncompliance state with the NYSE American. This is bad news because if compliance is not regained, the company may be delisted from the exchange.

Nonetheless, a silver lining is now shining around the dark cloud that is IBIO stock. According to a press release issued early this morning, the NYSE American has accepted the company’s plan to regain compliance.

In order to regain compliance, IBIO plans on moving forward with a reverse stock split that will bring the price of the stock to a more reasonable rate. From there, the company has shown the NYSE that it plans on improving the other factors that are causing noncompliance.

Why This News Is Important

The truth of the matter is that IBIO needs to maintain its listing on the NYSE American. After all, the fact that the company is listed on the exchange gives it access to large parts of the investing community that it simply would not have on the over the counter, or OTC market.

With the news that the NYSE American has accepted the company’s plan to regain compliance, while IBIO may still be at risk of delisting, we now know that if the company follows through with its plans, it will maintain its spot.

This is great news for the company and its investors.

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