Freedom Holding Corp. Receives Nasdaq Notification Of Noncompliance With Listing Rule 5250(c)(1)
Portfolio Pulse from Happy Mohamed
Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq due to its failure to timely file its Q2 2023 report with the SEC. The company now has 60 days to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant the company up to 180 days to regain compliance. The delayed filing of the company's annual report had the effect of decreasing the time available for the company to prepare the Q2 report. The company is working to complete the necessary work to file the Q2 report as soon as possible.
August 14, 2023 | 6:01 pm
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Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq due to its failure to timely file its Q2 2023 report with the SEC. The company is working to regain compliance.
The news of non-compliance with Nasdaq's listing rules due to late filing of Q2 2023 report could negatively impact investor sentiment and potentially the stock price of Freedom Holding Corp. (FRHC) in the short term. The company's efforts to regain compliance will be closely watched by investors.
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