Momentus Regains Compliance With Nasdaq Minimum Bid Price
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS), a U.S. commercial space company, has regained compliance with the Nasdaq minimum bid price requirement. The company's shares maintained a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, achieving compliance on September 7, 2023.
September 08, 2023 | 10:59 pm
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Momentus Inc. has regained compliance with the Nasdaq minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive sign for Momentus Inc. It indicates that the company's stock price has been stable or increasing, which could potentially boost investor confidence and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100