Hempacco Receives Notification Of Deficiency From Nasdaq
Portfolio Pulse from Happy Mohamed
Hempacco Co. (NASDAQ:HPCO) received a notice from Nasdaq for non-compliance with Listing Rule 5250(c)(1) due to not filing its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023. The company has 60 days to submit a plan to regain compliance or face potential delisting.
May 30, 2023 | 1:17 pm
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Hempacco received a non-compliance notice from Nasdaq for not filing its Quarterly Report, which may lead to potential delisting if the company fails to regain compliance within 60 days.
Hempacco's non-compliance with Nasdaq Listing Rule 5250(c)(1) puts the company at risk of delisting if it fails to submit a plan to regain compliance within 60 days. This situation creates uncertainty for investors and may negatively impact the stock price in the short term.
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