US Stock Movement: Lunai Bioworks Surges Over 120%, Regains Compliance with Nasdaq Requirements
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Glonghui June 17 | AI-driven drug discovery and biodefense company Lunai Bioworks surged more than 120% in pre-market trading. Previously, the company announced it had regained compliance with Nasdaq's minimum price requirement, avoiding the risk of delisting. Nasdaq also notified the company that it will enter a mandatory one-year monitoring period. During this period, if it once again falls below the minimum price requirement, the company will no longer have any cure period or compliance grace period, and Nasdaq will directly issue a delisting decision letter.
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