China Jo-Jo Drugstores Announced Receipt Of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
China Jo-Jo Drugstores (NASDAQ:CJJD) received a notification from Nasdaq for not complying with the minimum bid price requirement of $1.00 for 30 consecutive trading days. The notification has no immediate effect on the listing of the company's ordinary shares on Nasdaq.
June 16, 2023 | 8:32 pm
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China Jo-Jo Drugstores received a Nasdaq notification for not meeting the minimum bid price requirement, but it has no immediate effect on the listing.
China Jo-Jo Drugstores (CJJD) received a notification from Nasdaq for not complying with the minimum bid price requirement of $1.00 for 30 consecutive trading days. This news may negatively impact the stock price in the short term as it indicates the company's inability to maintain the required bid price. However, the notification has no immediate effect on the listing of the company's ordinary shares on Nasdaq, which may mitigate the impact to some extent.
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