On June 14, 2023, Etao International Received A Bid Price Deficiency Letter From The Nasdaq Stock Market Notifying The Co That Listed Securities To Maintain A Minimum Bid Price Of $1 Per Share
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Etao International received a bid price deficiency letter from Nasdaq, notifying the company that it no longer meets the minimum bid price requirement of $1 per share. The company has 180 days to regain compliance.
June 22, 2023 | 7:57 pm
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Etao International has received a bid price deficiency letter from Nasdaq and has 180 days to regain compliance with the $1 per share minimum bid price requirement.
The bid price deficiency letter indicates that Etao International is currently not meeting Nasdaq's minimum bid price requirement. This could lead to potential delisting if the company fails to regain compliance within the given 180-day period. As a result, this news may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100