IMAC Holdings, Inc. Regains Compliance With Nasdaq Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
IMAC Holdings, Inc. (NASDAQ:BACK) 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's common stock and warrants will continue to be listed and traded on The Nasdaq Capital Market under the symbols 'BACK' and 'IMACW', respectively.
September 27, 2023 | 8:39 pm
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IMAC Holdings has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing.
Regaining compliance with Nasdaq's listing requirements is a positive development for IMAC Holdings. It removes the risk of delisting, which can negatively impact a stock's price. This news is likely to be viewed positively by the market, potentially leading to an increase in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100