PainReform Ltd Receives Extension to Meet the Nasdaq’s Minimum Bid Price Requirement

24/7 MARKET NEWS) – PainReform Ltd. (Nasdaq: PRFX) stated, after yesterday’s market close, that it received a letter from The Nasdaq Stock Market notifying the Company that it is eligible for an additional 180 calendar day period, or until August 7, 2023, to regain compliance with the Nasdaq’s minimum $1 bid price per share requirement.

PainReform is at $0.667, up $0.167 (+33.38%), on 5.8 million premarket shares.

Its 52-week trading range is $0.3404 to 1.74. It’s trading above the key $0.65 resistance level and it may challenge its October and September trading levels.

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