Healthcare Triangle Maintains Compliance With Nasdaq Listing Requirements As Nasdaq Resolves Delisting Determination Error
Portfolio Pulse from Benzinga Newsdesk
Healthcare Triangle (NASDAQ:HCTI) has maintained compliance with Nasdaq listing requirements after Nasdaq resolved a delisting determination error. Nasdaq has cancelled HCTI's hearing request and confirmed the company's compliance with the minimum closing bid price requirement.

June 13, 2023 | 12:13 pm
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Healthcare Triangle (NASDAQ:HCTI) remains compliant with Nasdaq listing requirements, avoiding delisting after Nasdaq resolved an error.
The news that Healthcare Triangle (HCTI) has maintained compliance with Nasdaq listing requirements is positive for the company. Nasdaq's resolution of the delisting determination error and cancellation of HCTI's hearing request confirms the company's compliance with the minimum closing bid price requirement. This development is likely to have a positive short-term impact on HCTI's stock price, as it removes the uncertainty surrounding the company's listing status.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100