Novan Achieves Compliance with Nasdaq Listing Rule 5450(b)(2)(A)

MORRISVILLE, N.C., June 06, 2019 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (Nasdaq: NOVN) today announced it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Listing Rule 5450(b)(2)(A). This rule requires a minimum $50 million market value of listed securities in order to maintain a listing on The Nasdaq Global Market.