On Sept 18, Blue Water Biotech Inc Received Notice From Nasdaq That Co Is Not Been Compliance With The Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Blue Water Biotech 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 | 8:46 pm
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NEGATIVE IMPACT
Blue Water Biotech Inc's non-compliance with Nasdaq's minimum bid price requirement could potentially lead to its delisting from the exchange.
Non-compliance with Nasdaq's minimum bid price requirement is a serious issue that could lead to the company's delisting from the exchange. This would make the company's shares less accessible to investors, potentially leading to a decrease in demand and a drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100