Liquid Media Group Receives Nasdaq Delisting Notice
Portfolio Pulse from Happy Mohamed
Liquid Media Group Ltd. (NASDAQ:YVR) has received a delisting notice from Nasdaq due to continued non-compliance with the minimum bid price and filing requirements. The company's securities will be suspended from trading on Nasdaq from August 23, 2023. Liquid Media is seeking to have its shares quoted on the OTC Markets system. The company had previously implemented a reverse stock split to remedy the bid price deficiency but remains below the minimum Nasdaq threshold of $1.00 per share.
August 23, 2023 | 1:12 pm
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NEGATIVE IMPACT
Liquid Media Group's delisting from Nasdaq due to non-compliance with bid price and filing requirements could negatively impact the company's stock price in the short term.
Delisting from a major exchange like Nasdaq is generally seen as a negative event as it reduces the visibility and liquidity of the stock, which could lead to a decrease in its price. Furthermore, the company's inability to meet the minimum bid price and filing requirements raises concerns about its financial health, which could further pressure the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100