Caring Brands Rises 11% as Nasdaq Deadline Hits for CABR
Caring Brands Inc. shares jumped 11.1% to $0.9887 Thursday ahead of a Nasdaq deadline for the company to submit a compliance plan. The wellness firm reported no revenue for Q1 and a $2 million net loss. Shareholders are set to vote on issuing more stock and increasing authorized shares to 500 million. Nasdaq warned the company for falling below the $2.5 million equity requirement.