On July 7, 2023, ToughBuilt Industries Received Written Notice From The Nasdaq Stating That The Company Failed To Maintain A Minimum Bid Price Of At Least $1.00 Per Share For The Prior 30 Consecutive Trading Days;
Portfolio Pulse from Charles Gross
ToughBuilt Industries has received a notice from Nasdaq for failing to maintain a minimum bid price of at least $1.00 per share for the prior 30 consecutive trading days. The company has until January 3, 2024, to regain compliance.
July 11, 2023 | 6:13 pm
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NEGATIVE IMPACT
ToughBuilt Industries has been warned by Nasdaq for not maintaining the minimum bid price. This could potentially impact investor confidence and the company's stock price.
The warning from Nasdaq is a serious matter as it could lead to delisting if ToughBuilt Industries does not regain compliance. This could negatively impact the company's stock price in the short term as it may shake investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100