Greencity Acquisition Corporation Announces Receipt Of Notice From Nasdaq Regarding Determination Of Delisting
Portfolio Pulse from Benzinga Newsdesk
Greencity Acquisition Corporation (GRCY) has received a notice from Nasdaq regarding the determination of delisting due to non-compliance with listing requirements.
May 23, 2023 | 2:13 pm
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NEGATIVE IMPACT
Greencity Acquisition Corporation (GRCY) is at risk of being delisted from Nasdaq due to non-compliance with listing requirements.
The receipt of a delisting notice from Nasdaq is a negative development for Greencity Acquisition Corporation (GRCY). Delisting can lead to reduced liquidity, limited access to capital, and a negative perception among investors, which may result in downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100