On August 15 Kineta Inc Received Written Notice From Nasdaq Co Has Regained Compliance With Alternative Standard Under Nasdaq Listing Rule 5550(B)(1)
Portfolio Pulse from Happy Mohamed
Kineta Inc has regained compliance with the alternative standard under Nasdaq Listing Rule 5550(B)(1), according to a written notice from Nasdaq received on August 15.
August 16, 2023 | 8:03 pm
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POSITIVE IMPACT
Kineta Inc's compliance with Nasdaq Listing Rule 5550(B)(1) could positively impact its stock price.
Regaining compliance with Nasdaq's listing rules is generally seen as a positive development for a company. It removes the risk of delisting, which can negatively impact a stock's price. Therefore, this news could potentially have a positive impact on Kineta Inc's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100