On October 5, WiSA Technologies Received Notification From Nasdaq Co Was Not In Compliance With Minimum Bid Price Requirement For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies has received a notification from Nasdaq stating that the company is not in compliance with the minimum bid price requirement for continued listing, according to an SEC filing.
October 06, 2023 | 8:36 pm
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NEGATIVE IMPACT
WiSA Technologies has been notified by Nasdaq of non-compliance with the minimum bid price requirement for continued listing.
The news of WiSA Technologies' non-compliance with Nasdaq's minimum bid price requirement is a negative signal for the company. This could potentially lead to the company being delisted from Nasdaq if it fails to regain compliance, which would likely negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100