Biolase Notified By Nasdaq That The Company Did Not Meet The Minimum Closing Bid Price Requirement Of $1.00 For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
Biolase has been notified by Nasdaq that it did not meet the minimum closing bid price requirement of $1.00 for continued listing, according to an SEC filing.
June 13, 2023 | 8:15 pm
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Biolase's stock may face short-term pressure as it failed to meet Nasdaq's minimum closing bid price requirement of $1.00 for continued listing.
Biolase's failure to meet the minimum closing bid price requirement for continued listing on Nasdaq may lead to potential delisting, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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