Cardio Diagnostics Holdings, Inc. (Nasdaq: CDIO) (โCardio Diagnosticsโ or the โCompanyโ), a pioneer in AI-powered precision cardiovascular medicine, today announced that on May 28, 2025, it received a notification letter (the โNotification Letterโ) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (โNasdaqโ) notifying the Company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2) (โMinimum Bid Requirementโ) for continued listing on The Nasdaq Capital Market. This was disclosed in the Companyโs Current Report on Form 8-K filed on May 28, 2025.
The Nasdaq staff made this determination of compliance after the closing bid price of the Companyโs common stock traded above $1.00 per share from May 13, 2025, the date immediately following the Companyโs 1:30 reverse stock split having gone effective, through May 27, 2025. Accordingly, Nasdaq determined that the Company has regained compliance with Nasdaqโs Minimum Bid Requirement, and that Nasdaq considered the matter closed.
About Cardio Diagnostics
Cardio Diagnostics is an artificial intelligence-powered precision cardiovascular medicine company that makes cardiovascular disease prevention, detection, and management more accessible, personalized, and precise. The Company was formed to further develop and commercialize clinical tests by leveraging a proprietary Artificial Intelligence (AI)-driven Integrated Genetic-Epigenetic Engine (โCore Technologyโ) for cardiovascular disease to become one of the leading medical technology companies for improving prevention, detection, and treatment of cardiovascular disease. For more information, please visit https://cdio.ai/.
Forward-Looking Statements
Certain statements and information included in this press release constitute โforward-looking statementsโ within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases โwillโ, โwill likely result,โ โexpected to,โ โwill continue,โ โanticipated,โ โestimate,โ โprojected,โ โintend,โ โgoal,โ or similar expressions are intended to identify โforward-looking statementsโ within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, economic conditions, and dependence on results as discussed in the Annual Report on Form 10-K for the period ended December 31, 2024, under the heading โRisk Factorsโ in Part I, Item IA thereof, and other documents filed from time to time with the Securities and Exchange Commission. Such factors could materially adversely affect the Companyโs financial performance and could cause the Companyโs actual results for future periods to differ materially from any opinions or statements expressed within this press release.
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