Mogo Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Happy Mohamed
Mogo Inc. (NASDAQ:MOGO) has regained compliance with the Nasdaq minimum bid price requirement. The company's common share price has been $1.00 or greater for at least ten consecutive business days, from August 14, 2023 through August 25, 2023, allowing it to meet the Nasdaq Listing Rule 5550(a)(2).
August 31, 2023 | 4:38 pm
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POSITIVE IMPACT
Mogo Inc.'s share price has been stable at $1.00 or more for ten consecutive business days, allowing it to regain compliance with Nasdaq's minimum bid price requirement.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Mogo Inc. It indicates that the company's share price has been stable and above the minimum threshold set by Nasdaq for a significant period. This could boost investor confidence in the company and potentially lead to a positive impact on its share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100