Addentax Group Said Received Notice Dated June 15 From Nasdaq Notifying That Co Did Not Meet Minimum Bid Price Requirement
Portfolio Pulse from Charles Gross
Addentax Group (ATXG) received a notice from Nasdaq on June 15 stating that the company did not meet the minimum bid price requirement.
June 20, 2023 | 10:08 am
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NEGATIVE IMPACT
Addentax Group's stock price may be negatively impacted in the short term due to not meeting Nasdaq's minimum bid price requirement.
Addentax Group's failure to meet the minimum bid price requirement may lead to potential delisting from Nasdaq, which could negatively impact the stock price in the short term. Investors may perceive this as a sign of financial weakness, leading to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100