Tilray Brands shares fall 2.54% after-hours as the company seeks Nasdaq extension to meet minimum share price rule.

Tilray Brands, Inc. dropped 2.54% in after-hours trading. The company announced that it has submitted an application requesting an extension to regain compliance with Nasdaq’s listing standards regarding its price per share. The company is evaluating several options, including a stockholder-approved Reverse Stock Split, to address capital structure and maintain adherence to Nasdaq’s continued listing requirements.