EUDA Health Holdings Limited Receives Nasdaq Notification Regarding Non-Compliance With Minimum Bid Price Requirement
Portfolio Pulse from Happy Mohamed
EUDA Health Holdings Limited has received a notice from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share for continued listing. The company has 180 days to regain compliance. If it fails to do so, it may be eligible for an additional 180-day compliance period or face delisting. The company is considering its options to regain compliance.
August 14, 2023 | 12:51 pm
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EUDA Health Holdings Limited is at risk of delisting from Nasdaq due to non-compliance with the minimum bid price requirement. The company has 180 days to regain compliance.
The news of non-compliance with Nasdaq's minimum bid price requirement could negatively impact investor sentiment towards EUDA Health Holdings Limited, potentially leading to a decrease in the company's stock price in the short term. The company has 180 days to regain compliance, which introduces uncertainty and risk for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100