Jowell Global Ltd. Granted Extension To Meet Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Happy Mohamed
Jowell Global Ltd. (NASDAQ:JWEL) has been granted an additional 180 days by NASDAQ to meet the minimum closing bid price requirement of $1.00 for continued listing. The company may resort to a reverse stock split to regain compliance. If the company fails to demonstrate compliance by December 26, 2023, its securities may be delisted.
June 29, 2023 | 12:20 pm
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Jowell Global Ltd. has been granted an extension to meet NASDAQ's minimum bid price requirement. The company may resort to a reverse stock split to regain compliance.
The news of the extension granted by NASDAQ to Jowell Global Ltd. to meet the minimum bid price requirement is directly related to the company. However, it does not necessarily indicate a positive or negative impact on the company's stock price in the short term. The company's future actions, such as a potential reverse stock split, will determine the impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100