SuperCom Receives Nasdaq Letter On Minimum Bid Requirements
Portfolio Pulse from Benzinga Newsdesk
SuperCom has received a letter from Nasdaq regarding its failure to meet the minimum bid requirements. The company's shares have been trading below $1.00 for a period of 30 consecutive business days, which is a violation of Nasdaq's rules.
September 18, 2023 | 8:31 pm
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SuperCom's failure to meet Nasdaq's minimum bid requirements could lead to its delisting if it doesn't regain compliance within the grace period.
SuperCom's shares have been trading below the minimum bid price of $1.00 for 30 consecutive business days, which is a violation of Nasdaq's rules. If the company fails to regain compliance within the grace period, it could face delisting from the Nasdaq exchange. This could negatively impact the stock's liquidity and marketability, leading to a potential decrease in its share price.
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