Leafly Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Leafly Holdings, Inc. (LFLY) has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq stating that it has maintained a closing bid price of $1.00 per share or more for a minimum of 10 consecutive business days, thereby regaining compliance.
October 02, 2023 | 8:15 pm
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POSITIVE IMPACT
Leafly Holdings 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 Leafly Holdings. It removes the risk of delisting, which can negatively impact a company's stock price and investor confidence. Therefore, this news could potentially have a positive impact on LFLY's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100