10:22 AM EDT, 09/18/2024 (MT Newswires) -- BioCardia ( BCDA ) said Wednesday it has fully regained compliance with Nasdaq's listing requirements to maintain shareholder equity of at least $2.5 million or a market capitalization of at least $35 million.

The company said it received formal notice from Nasdaq that the company complies with the stock exchange's equity requirements and that it considers the matter closed.

BioCardia ( BCDA ) said the Nasdaq notice follows several actions intended to shore up its balance sheet, including an upsized $7.2 million public offering of stock.

Shares of the company rose more than 2% in recent trading activity.

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