SmileDirectClub Received Written Notice From Nasdaq That Nasdaq Had Determined That Company's Securities Will Be Delisted From Nasdaq And Suspended At Opening Of Business On October 4, 2023
Portfolio Pulse from Charles Gross
SmileDirectClub has received a written notice from Nasdaq stating that the company's securities will be delisted from Nasdaq and suspended at the opening of business on October 4, 2023.
October 02, 2023 | 9:31 pm
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NEGATIVE IMPACT
SmileDirectClub's securities will be delisted from Nasdaq and suspended from October 4, 2023, which could negatively impact the stock's liquidity and price.
The delisting of a company's securities from a major exchange like Nasdaq can significantly impact the stock's liquidity and price. Investors may find it harder to buy or sell the stock, which could lead to price volatility. Furthermore, the delisting could be perceived negatively by the market, potentially leading to a decrease in the stock's price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100