Specialty diagnostics company Precipio, Inc.$(PRPO)$ (NASDAQ: PRPO) today announced that it has received the expected delisting determination from Nasdaq Staff. The Company has subsequently filed a request for a hearing before the Nasdaq Hearings Panel (the "Panel"), as management believes that it has strong basis for requesting the appeal. The process involves the Company requesting a compliance hearing within 7 days from the receipt of the delisting notification. Companies are typically scheduled for a hearing 30 to 45 days from the date of its request for a hearing, and the Hearing Panel typically issues a decision within 30 days of the hearing.
As informed by Nasdaq, the delisting of the company will be postponed pending a decision by the Hearing Panel - meaning the company shall remain listed on Nasdaq until the hearing takes place, and the Hearing Panel has issued a written decision.