SmileDirectClub Received Determination From Nasdaq Hearings Panel Approving Compliance Plan For Meeting Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
SmileDirectClub has received approval from the Nasdaq Hearings Panel for its compliance plan to meet the minimum bid price deficiency. This comes after the company's stock price fell below the minimum $1.00 per share requirement for continued listing on the Nasdaq Stock Market.
July 05, 2023 | 12:10 pm
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SmileDirectClub's approval from the Nasdaq Hearings Panel for its compliance plan to meet the minimum bid price deficiency could potentially stabilize the company's stock price in the short term.
The approval of SmileDirectClub's compliance plan by the Nasdaq Hearings Panel indicates that the company is taking steps to address its stock price issue. This could potentially reassure investors and stabilize the stock price in the short term.
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