Brenmiller Energy Ltd. Announces Receipt Of Nasdaq Minimum Bid Price Notification
Portfolio Pulse from Happy Mohamed
Brenmiller Energy Ltd. (NASDAQ:BNRG) has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has been granted a 180-day grace period to regain compliance. If the company fails to regain compliance, it may be eligible for an additional 180-day compliance period. If it still fails, its shares may be delisted from Nasdaq. Brenmiller Energy's continued listing on Nasdaq remains a key priority for the company.
July 20, 2023 | 8:24 pm
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Brenmiller Energy Ltd. (NASDAQ:BNRG) has received a notice from Nasdaq for non-compliance with the minimum bid price requirement. The company has a 180-day grace period to regain compliance. If it fails, its shares may be delisted from Nasdaq.
The news of non-compliance with Nasdaq's minimum bid price requirement could negatively impact investor sentiment, potentially leading to a decrease in the stock price. The company has a grace period to regain compliance, but failure to do so could result in delisting, which would significantly impact the stock's liquidity and marketability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100