Chemomab Therapeutics Ltd. (Nasdaq: CMMB) ("Chemomab", or the "Company"), a clinical stage biotechnology company focused on the discovery and development of innovative therapeutics for fibro-inflammatory diseases with high unmet need, today disclosed that the Company received notice ("Notice") from the Nasdaq Listing Qualifications Department ("Nasdaq") on
The Notice has no immediate effect on the listing of the Company's ADSs, and its ADSs will continue to trade on the Nasdaq Capital Market under the symbol "CMMB". The Company intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the Compliance Deadline, it may be afforded an additional 180 calendar day period to regain compliance if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of the minimum bid price requirement, of the Nasdaq Capital Market, and provides written notice to Nasdaq of its intention to cure the deficiency.