Orbital Infrastructure shares are trading lower after the company announced it received a Nasdaq delinquency letter regarding the late filing of its quarterly report.
Portfolio Pulse from Benzinga Newsdesk
Orbital Infrastructure has received a Nasdaq delinquency letter due to the late filing of its quarterly report, causing its shares to trade lower.
August 23, 2023 | 4:48 pm
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Orbital Infrastructure's late filing of its quarterly report has resulted in a Nasdaq delinquency letter, leading to a decrease in its share price.
The late filing of Orbital Infrastructure's quarterly report is a violation of Nasdaq's listing rules, which has resulted in a delinquency letter. This negative news has caused a decrease in investor confidence, leading to a drop in the company's share price.
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IMPORTANCE 80
RELEVANCE 100