Unico American Corp Letter Advises That Nasdaq Will Suspend Trading Of Co's Common Stock On June 15, 2023; Does Not Intend To Appeal Nasdaq's Determination
Portfolio Pulse from Benzinga Newsdesk
Unico American Corp has received a letter from Nasdaq stating that trading of the company's common stock will be suspended on June 15, 2023. Unico does not intend to appeal Nasdaq's determination.
June 12, 2023 | 8:23 pm
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Unico American Corp's common stock will be suspended from trading on Nasdaq on June 15, 2023, and the company does not plan to appeal the decision.
The suspension of Unico American Corp's common stock from trading on Nasdaq is a significant event for the company and its shareholders. The fact that the company does not intend to appeal the decision indicates that it accepts the outcome, which could negatively impact the stock price in the short term.
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