UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On January 25, 2024, Amarin Corporation plc (the “Company”) received a letter from The NASDAQ Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5450(a)(1) for continued listing on The NASDAQ Global Market. Consequently, the Company is now in compliance with all applicable listing standards, and it will continue to be listed on The NASDAQ Global Market.
The Company was previously notified by Nasdaq on October 30, 2023 that it was not in compliance with the minimum bid price requirement because its American Depositary Shares (“ADSs”), each representing one ordinary share of the Company, failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on January 24, 2024, the tenth consecutive trading day when the closing bid price of the Company's ADSs was over $1.00, and NASDAQ’s letter stated that the matter is now closed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: January 26, 2024 |
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Amarin Corporation plc |
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By: |
/s/ Patrick Holt
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Patrick Holt |
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President and Chief Executive Officer |