05:57 PM EDT, 09/18/2024 (MT Newswires) -- BloomZ ( BLMZ ) said late Wednesday that it was notified by the Nasdaq Stock Market that it is not in compliance with a Nasdaq rule requiring companies to maintain a minimum market value of listed securities of $35 million.

The company has until March 11, 2025, to regain compliance by ensuring that the market value of its shares closes at $35 million or higher for at least 10 consecutive business days. The inability to regain compliance by the stated deadline would make the company subject to delisting.

BloomZ ( BLMZ ) said the notification doesn't affect its listing "at this time."

The company's shares were up nearly 4% in after-hours activity.

Price: 1.4200, Change: +0.05, Percent Change: +3.65