Porch Group: On Sept 27, Received Letter From Nasdaq, Said Co Is Not In Compliance With Nasdaq Listing Rule 5550(A)(2) For Continued Listing On Nasdaq
Portfolio Pulse from Charles Gross
Porch Group has received a letter from Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5550(A)(2) for continued listing on Nasdaq.
October 03, 2023 | 9:11 pm
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NEGATIVE IMPACT
Porch Group's non-compliance with Nasdaq Listing Rule 5550(A)(2) could potentially lead to its delisting from Nasdaq.
Non-compliance with Nasdaq's listing rules can lead to delisting, which would significantly impact the liquidity and visibility of Porch Group's shares. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100