Clever Leaves Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Bill Haddad
Clever Leaves has regained compliance with Nasdaq's minimum bid price requirement. This follows after the company's stock price consistently met or exceeded the $1.00 minimum bid price per share requirement over the past 10 consecutive business days.
September 13, 2023 | 12:35 pm
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POSITIVE IMPACT
Clever Leaves' stock price has consistently met or exceeded the $1.00 minimum bid price per share requirement over the past 10 consecutive business days, regaining compliance with Nasdaq's rules.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Clever Leaves. It removes the risk of delisting, which can negatively impact a company's stock price and investor confidence. This news is likely to have a positive impact on Clever Leaves' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100