Farmmi Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Farmmi, Inc. has regained compliance with the 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 with the Listing Rule.
October 10, 2023 | 11:07 am
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POSITIVE IMPACT
Farmmi, Inc. has regained compliance with the 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 Farmmi, Inc. This could potentially boost investor confidence in the company, as it indicates that the company is meeting Nasdaq's standards. This could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100