Bit Brother Receives Nasdaq Notification Letter Regarding Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Bit Brother received a Nasdaq notification letter regarding bid price deficiency, warning that the company's stock price has fallen below the minimum $1.00 per share requirement for continued listing.
May 22, 2023 | 12:49 pm
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NEGATIVE IMPACT
Bit Brother's stock price has fallen below the minimum $1.00 per share requirement for continued listing on Nasdaq, potentially leading to delisting.
The Nasdaq notification letter indicates that Bit Brother's stock price has fallen below the minimum requirement for continued listing. This could lead to delisting if the company fails to regain compliance, negatively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100