iMedia Brands Receives Delisting Notice From Nasdaq Following Chapter 11 Filing
Portfolio Pulse from Benzinga Newsdesk
iMedia Brands has received a delisting notice from Nasdaq following its Chapter 11 bankruptcy filing. The company's stocks, listed under the symbols IMBI and IMBIL, may be affected by this development.
July 07, 2023 | 4:27 am
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NEGATIVE IMPACT
iMedia Brands' stock (IMBI) may face a negative impact due to the delisting notice from Nasdaq following its Chapter 11 filing.
The delisting notice from Nasdaq is a significant event that could lead to a decrease in the stock's value. Investors may sell their shares due to the uncertainty surrounding the company's future.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
iMedia Brands' stock (IMBIL) may face a negative impact due to the delisting notice from Nasdaq following its Chapter 11 filing.
The delisting notice from Nasdaq is a significant event that could lead to a decrease in the stock's value. Investors may sell their shares due to the uncertainty surrounding the company's future.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100