Caring Brands Rises 11% as Nasdaq Deadline Hits for CABR
Caring Brands Inc. jumped 11.1% to close at $0.9887 on Thursday. The Nasdaq-listed wellness company saw 87,130 shares trade hands. Shares were flat after hours, according to Webull data. Traders are watching the stock heading into Friday, as listing and financing plans move back into view. Timing is key. Friday is the cutoff from Nasdaq for Caring Brands to hand in a plan to get back in line after falling short of the $2.5 million stockholders’ equity rule. That figure tracks book value after liabilities. In a filing, CEO Dr. Glynn Wilson said there’s “no assurance” Nasdaq will approve the plan or that Caring Brands will get back into compliance.