Lytus Technologies Receives Nasdaq Notification Of Noncompliance With Listing Rule 5250(c)(1)
Portfolio Pulse from Benzinga Newsdesk
Lytus Technologies has received a notification from Nasdaq about its noncompliance with Listing Rule 5250(c)(1). The company has not yet disclosed the details of the noncompliance.
August 22, 2023 | 7:45 pm
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NEGATIVE IMPACT
Lytus Technologies' noncompliance with Nasdaq Listing Rule 5250(c)(1) could potentially lead to its delisting from the exchange.
Noncompliance with Nasdaq's listing rules often leads to a warning and potential delisting if the issue is not rectified within a given timeframe. This could negatively impact the stock price of Lytus Technologies in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100