Blue Star Foods Regains Compliance With NASDAQ Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Blue Star Foods Corp. (BSFC) has regained compliance with NASDAQ's minimum bid price requirement. The company's common stock has maintained a closing bid price of $1.00 per share or more for at least 10 consecutive business days.
July 13, 2023 | 12:37 pm
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Blue Star Foods Corp. has regained compliance with NASDAQ's minimum bid price requirement, which could positively impact investor confidence and the company's stock price.
Regaining compliance with NASDAQ's minimum bid price requirement is a positive development for Blue Star Foods. It removes the risk of delisting, which can negatively impact a company's stock price and investor confidence. As a result, this news could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100