LIZHI Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
LIZHI Inc. (LIZI) has regained compliance with Nasdaq's minimum bid price requirement. The company received a letter 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 05, 2023 | 10:02 am
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LIZHI Inc. 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 LIZHI Inc. This could potentially boost investor confidence in the company and have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100