22nd Century Group Regains Compliance With Nasdaq Listing Standardsn
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group, Inc. (NASDAQ:XXII), a biotechnology company, has regained compliance with Nasdaq listing requirements. The company was informed by Nasdaq on July 19, 2023, that it has achieved compliance with the minimum bid price rule required for continued listing on the Nasdaq Capital Market.
July 20, 2023 | 1:20 pm
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22nd Century Group has regained compliance with Nasdaq listing requirements, which is a positive development for the company.
Regaining compliance with Nasdaq listing requirements is a positive development for 22nd Century Group. It removes the risk of delisting, which can negatively impact a company's stock price and reputation. This news is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100