04:58 AM EDT, 04/08/2024 (MT Newswires) -- FSD Pharma ( HUGE ) said it received an April 5 notice from Nasdaq informing it that the company has fallen out of compliance with rules requiring a $1 minimum share price for being listed on the exchange.

The company's share price closed below the $1 threshold for 30 consecutive business days between Feb. 22 and April 4.

The company now has 180 calendar days to regain compliance and may be able to apply for another 180-day extension, it said.

FSD Pharma ( HUGE ) said it is reviewing options for coming back into compliance.

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