Aesthetic Medical International Announces Receipt Of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Aesthetic Medical International Holdings Group Limited (NASDAQ:AIH) has received a notification from Nasdaq stating that it is not in compliance with the minimum bid price requirement for continued listing. The company has until March 4, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. If not, it may face delisting. The company is considering measures to improve its financial position and results of operations to address this issue.
September 08, 2023 | 9:03 pm
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AIH has received a notification from Nasdaq about non-compliance with the minimum bid price requirement. The company has until March 2024 to regain compliance or it may face delisting.
The news of non-compliance with Nasdaq's minimum bid price requirement could negatively impact investor sentiment and potentially lead to a decrease in AIH's stock price in the short term. The company's ability to regain compliance by March 2024 will be crucial to avoid delisting.
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