price down icon7.38%   -0.11
after-market  After Hours:  1.39  0.01   +0.72%

Why is Ocean Biomedical Inc. (OCEA) Stock down?

We've noticed a 7.38% decline in Ocean Biomedical Inc. (OCEA) stock during the 2024-05-29 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
29 Nov, 2023:

Ocean Biomedical Inc. Stock (OCEA) dropped by 8.95% from $0.96 to $0.8741 in the trading on Wednesday November 29, 2023. The reason why OCEA stock down today is due to the receipt of notice from NASDAQ. Ocean Biomedical announced a delay in filing its Q3 Form 10-Q, resulting in a deficiency notice from NASDAQ. This delay stems from a recent SEC interpretation impacting the accounting of certain Forward Purchase Agreements, specifically the treatment of prepayments. Ocean Biomedical is actively addressing the issue and expects to file the Form 10-Q shortly.

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