Nikola Says Its Regained Nasdaq Listing Compliance — The Delisting Matter Is 'Now Closed'
Portfolio Pulse from Anan Ashraf
Nikola Corp has regained compliance with Nasdaq listing rules pertaining to minimum stock price. The company received a written notice from Nasdaq stating that from June 14 to 28, the closing bid price of Nikola common stock was $1/share or greater. Nasdaq had issued a delisting notice to Nikola last month due to its failure to maintain a minimum bid price of $1/share.
June 30, 2023 | 3:15 am
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POSITIVE IMPACT
Nikola Corp's stock price has regained compliance with Nasdaq listing rules, which could boost investor confidence.
Regaining compliance with Nasdaq listing rules is a positive development for Nikola Corp. This could boost investor confidence in the company and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100