SMX Announces Receipt Of Nasdaq Listing Notice; Company Is Addressing The Delinquency And Is Preparing A Plan To Regain Compliance Within The 180 Calendar Day Compliance Period Under Nasdaq Rules
Portfolio Pulse from Happy Mohamed
SMX (Security Matters) plc received a delinquency notification from Nasdaq due to non-compliance with Listing Rule 5450(b)(2)(A), as the market value of the company's listed securities was below $50 million for 33 consecutive business days. The company is addressing the issue and preparing a plan to regain compliance within the 180-day period.
June 08, 2023 | 1:44 pm
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NEGATIVE IMPACT
SMX received a delinquency notice from Nasdaq due to non-compliance with Listing Rule 5450(b)(2)(A). The company is working on a plan to regain compliance within the 180-day period.
The delinquency notice from Nasdaq is a negative event for SMX, as it indicates non-compliance with the Listing Rule. This may lead to investor concerns and potential selling pressure on the stock. However, the company is working on a plan to regain compliance, which may mitigate the impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100