Super League Regains Compliance With Nasdaq Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Super League (NASDAQ:SLE) has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. The company was previously not in compliance due to its common stock failing to meet the closing bid price of $1.00 or more for 30 consecutive business days.
September 27, 2023 | 12:02 pm
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POSITIVE IMPACT
Super League's stock has regained compliance with Nasdaq's minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Super League. It removes the risk of delisting, which can negatively impact a company's reputation and investor confidence. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100