Groupon Says Not Currently In Compliance With Nasdaq Listing Rule; Intends To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Groupon has notified Nasdaq that it is not currently in compliance with Nasdaq Listing Rule 5605(c)(2)(A) but intends to regain compliance within the cure period provided by section (c)(4)(B) of the Listing Rule.
June 21, 2023 | 9:12 pm
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NEGATIVE IMPACT
Groupon is not in compliance with Nasdaq Listing Rule 5605(c)(2)(A) but plans to regain compliance within the cure period.
Groupon's non-compliance with the Nasdaq Listing Rule may negatively impact its stock price in the short term as investors may perceive this as a sign of instability. However, the company's intention to regain compliance within the cure period may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100