SkinHealth Systems Stock Slips Under $1 With Nasdaq Delisting Risk — Is HydraScalp a Catalyst?
SkinHealth Systems Inc. shares fell 3.4% to 64.3 cents in late-morning Nasdaq trading Wednesday, leaving the company below the $1 minimum bid required to keep its listing. The Hydrafacial parent launched an updated scalp-health treatment June 2, but sales and device shipments have dropped year over year. SkinHealth has until Nov. 4 to regain compliance or risk delisting. Market value stands near $84.5 million.