On Sept 19, Akerna Corp Received A Determination Letter From Nasdaq Stating That It Had Not Regained Compliance With Listing Rule 5550(A)(2); Co Is Not Eligible For A Second 180 Day Period To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Akerna Corp received a determination letter from Nasdaq stating that it had not regained compliance with Listing Rule 5550(A)(2). The company is not eligible for a second 180-day period to regain compliance.
September 22, 2023 | 8:30 pm
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NEGATIVE IMPACT
Akerna Corp's failure to regain compliance with Nasdaq's Listing Rule could potentially lead to its delisting, negatively impacting its stock price.
Akerna Corp's failure to regain compliance with Nasdaq's Listing Rule 5550(A)(2) puts it at risk of being delisted. Delisting often results in a decrease in the stock's liquidity and investor confidence, which can lead to a drop in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100