The receipt of a minimum bid price deficiency notification from Nasdaq is a serious issue for any listed company. It means that the company's stock is not meeting the minimum bid price of $1.00 per share required for continued listing. If Powerbridge Technologies cannot rectify this situation within the grace period provided by Nasdaq, it risks being delisted. This could lead to a decrease in the stock's liquidity and marketability, which would likely negatively impact its price.