Eyenovia, Inc ( EYEN ). shares are trading higher Wednesday after the company announced it had regained compliance with Nasdaq listing requirements.

What To Know: The ophthalmic technology company confirmed that it now meets all Nasdaq Capital Market continued listing requirements, including the minimum bid price and low-priced stocks rules.

The company attributed this achievement to a recent reverse stock split, which helped boost its share price above the required threshold. CEO Michael Rowe emphasized that maintaining the Nasdaq listing, ongoing restructuring efforts and the development of the user-filled Optejet device, marks an important milestone for Eyenovia ( EYEN ) as it explores strategic alternatives to maximize shareholder value.

EYEN Price Action: Eyenovia ( EYEN ) shares were up 26.5% at $1.91 at the time of writing, according to Benzinga Pro.

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