Healthcare Triangle Gets Nasdaq Delisting Notice; Appeals Determination
Portfolio Pulse from Benzinga Newsdesk
Healthcare Triangle (HCTI) has received a Nasdaq delisting notice and has submitted a request for a hearing to appeal the determination on June 5, 2023.

June 07, 2023 | 12:04 pm
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NEGATIVE IMPACT
Healthcare Triangle's (HCTI) stock price may be negatively impacted in the short term due to the Nasdaq delisting notice and the uncertainty surrounding the appeal.
The Nasdaq delisting notice creates uncertainty for Healthcare Triangle's stock price, as investors may be concerned about the company's future on the exchange. The appeal process adds further uncertainty, which could lead to short-term selling pressure on HCTI shares.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100