On September 18, Near Intelligence Inc Received Notice From Nasdaq That Co Is Not Been Compliance With The Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Near Intelligence Inc has received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement, according to an SEC filing.
September 22, 2023 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Near Intelligence Inc (NIR) has received a notice from Nasdaq for not meeting the minimum bid price requirement.
Nasdaq's minimum bid price requirement is a standard that companies must meet to remain listed on the exchange. Failure to meet this requirement often leads to a negative impact on the company's stock as it may lead to delisting. Therefore, this news is likely to negatively impact NIR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100