G Medical Received A Letter From The Nasdaq Saying It Determined To Delist The Company's Ordinary Shares From The Exchange, Based On The Company's Failure To Comply With The Minimum $2.5M Stockholders' Equity Requirement Under Nasdaq Listing Rule 5550(b)
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G Medical Innovations Holdings Ltd (GMVD) has received a letter from Nasdaq stating its intention to delist the company's ordinary shares due to non-compliance with the minimum $2.5M stockholders' equity requirement under Nasdaq Listing Rule 5550(B).
August 25, 2023 | 12:44 pm
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G Medical Innovations is facing delisting from Nasdaq due to non-compliance with the minimum stockholders' equity requirement. This could negatively impact the company's stock price.
Delisting from a major exchange like Nasdaq can negatively impact a company's reputation, liquidity, and stock price. Investors may see this as a sign of financial instability, leading to a potential sell-off.
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