Burcon NutraScience Announces Transfer of Listing to Nasdaq Capital Market

Burcon NutraScience (NASDAQ:BUR) a leader in natural product extraction, purification and isolation technologies, announced that on February 5, 2018, it received notification from the Nasdaq Hearings Panel that the Panel has granted approval of Burcon’s request to transfer its listing to the NASDAQ Capital Market from the NASDAQ Global Market.

As quoted in the press release:

The Panel subjected the continued listing of the Company’s common shares on the NASDAQ Capital Market to certain conditions, including closing its rights offering and having shareholders’ equity of over $2.5 million on or before February 16, 2018.  In addition, the Company will be required to provide the Panel with updates on how it plans to continue to maintain compliance with the continued listing requirements of the Capital Market.

Click here to read the full press release.