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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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