Etao International Received A Deficiency Letter From Nasdaq Notifying The Company That It No Longer Complies With Nasdaq's Listing Rule 5250(c)(1)
Portfolio Pulse from Happy Mohamed
Etao International received a deficiency letter from Nasdaq, notifying the company of its non-compliance with Listing Rule 5250(c)(1) due to its failure to file Form 20-F for the period ended December 31, 2022. The company has 60 days to submit a plan to regain compliance, and if accepted, Nasdaq can grant an exception of up to 180 days.
May 26, 2023 | 8:56 pm
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Etao International received a deficiency letter from Nasdaq for non-compliance with Listing Rule 5250(c)(1). The company has 60 days to submit a plan to regain compliance.
The deficiency letter from Nasdaq indicates that Etao International is currently not in compliance with the listing requirements. This could negatively impact the company's stock price in the short term as investors may perceive this as a sign of potential delisting or financial instability. The company has 60 days to submit a plan to regain compliance, which adds uncertainty to the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100