Assure Holdings receives extension to fulfill Nasdaq necessities

May 16, 2024 | blog

DENVER – Assure Holdings Corp. (NASDAQ: IONM), a supplier of intraoperative neuromonitoring (IONM) providers, has been granted an extension by the Nasdaq Listing Qualifications Panel to regain compliance with the continued itemizing necessities, the corporate introduced Thursday.

The extension, set for July 22, 2024, requires Assure Holdings to reveal compliance with all preliminary itemizing necessities of the Nasdaq Capital Market, notably in gentle of its forthcoming transaction with Danam Health Inc. This improvement follows the corporate’s earlier announcement of the proposed merger to boost its service choices and market attain.

The proposed transaction can be topic to the closing situations, together with stockholder approval. Assure Holdings has urged its traders and stockholders to overview the supplies filed with the SEC as soon as they change into obtainable.

Assure Holdings is thought within the healthcare sector for delivering medical providers that assist surgeons throughout advanced surgical procedures that might endanger the nervous system, reminiscent of neurosurgery and cardiovascular operations. The firm’s concentrate on IONM and distant neurology providers is vital to fashionable surgical procedures.

The info for this text is predicated on a press launch assertion from Assure Holdings Corp.

InvestingPro Insights

As Assure Holdings Corp. (NASDAQ: IONM) navigates by its extension interval for Nasdaq compliance, a better have a look at the corporate’s monetary well being and market efficiency is warranted. According to InvestingPro information, Assure Holdings has a market capitalization of roughly $3.97M, reflecting the dimensions and scale of the corporate within the aggressive healthcare sector. Despite the corporate’s vital function in intraoperative neuromonitoring providers, it operates with a substantial debt burden and is shortly burning by money, as highlighted by InvestingPro Tips.

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InvestingPro Tips additionally reveal that analysts expect gross sales progress within the present 12 months, which might be pivotal for Assure as it really works in direction of assembly Nasdaq’s itemizing necessities. The firm’s inventory value has skilled substantial volatility, with a 39.68% return over the past three months and a notable 42.34% improve over the past six months, indicating a latest optimistic development in investor sentiment. Nevertheless, it’s important to think about that the corporate’s short-term obligations presently exceed its liquid property, and analysts don’t anticipate profitability for this 12 months.

For traders searching for a extra complete evaluation of Assure Holdings Corp., there are extra InvestingPro Tips obtainable at To entry these insights and make extra knowledgeable funding choices, use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription. With these extra suggestions, traders can achieve a deeper understanding of the corporate’s monetary place and market potential.

This article was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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