Versus Systems Granted Additional 180 Calendar Day Extension By Nasdaq To Regain Compliance With Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Versus Systems has been granted an additional 180-day extension by Nasdaq to regain compliance with the minimum bid price requirement.
July 26, 2023 | 12:57 pm
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Versus Systems has been granted an extension by Nasdaq to regain compliance with the minimum bid price requirement, which may provide some relief to the company.
The extension granted by Nasdaq provides Versus Systems with additional time to regain compliance with the minimum bid price requirement. This could potentially alleviate some of the pressure on the company, but it does not guarantee that the company will be able to meet the requirement within the extended period. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100