Soluna Secures Nasdaq's Approval For 180-Day Extension To Meet Bid Price Requirement
Portfolio Pulse from Happy Mohamed
Soluna Holdings (NASDAQ: SLNH), the parent company of Soluna Computing, has been granted a 180-day extension by Nasdaq to regain compliance with the minimum per share bid price requirement. The company now has until December 18, 2023, to meet the $1 minimum per share bid requirement.
June 26, 2023 | 12:07 pm
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Soluna Holdings has been granted a 180-day extension by Nasdaq to regain compliance with the minimum per share bid price requirement, giving the company more time to meet the $1 minimum per share bid requirement.
The extension granted by Nasdaq provides Soluna Holdings with more time to regain compliance with the minimum per share bid price requirement. This news is neutral for the stock price in the short term, as it does not guarantee that the company will meet the requirement, but it does give them additional time to work towards it.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100