Lordstown Motors Said On June 7 Received A Written Notice From Listing Qualifications Department Of Nasdaq Informing Co That Matters Raised In Nasdaq's April 19 Letter Regarding Minimum Bid Price Requirement Were Now Closed
Portfolio Pulse from Charles Gross
Lordstown Motors received a written notice from Nasdaq's Listing Qualifications Department on June 7, stating that the matters raised in Nasdaq's April 19 letter regarding minimum bid price requirement were now closed.
June 09, 2023 | 10:10 am
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POSITIVE IMPACT
Lordstown Motors received a notice from Nasdaq that the minimum bid price requirement issues are now closed, which may positively impact the stock price.
The notice from Nasdaq indicates that Lordstown Motors has met the minimum bid price requirement, which is a positive development for the company. This may lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100