Caravelle Reports Receipt Of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Caravelle (CACO) has received a Nasdaq notification regarding minimum bid price deficiency. The company has 180 days, until December 4, 2023, to regain compliance.
June 13, 2023 | 8:35 pm
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Caravelle (CACO) faces potential delisting from Nasdaq due to minimum bid price deficiency. The company has until December 4, 2023, to regain compliance.
Caravelle's receipt of the Nasdaq notification regarding minimum bid price deficiency puts the company at risk of delisting if it fails to regain compliance within the given 180-day period. This news may negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100