Powerbridge Technologies Co., Ltd. Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) has regained compliance with the Nasdaq minimum bid price requirement. The company's ordinary shares have been at $1.00 per share or greater for 10 consecutive trading days, from September 22 to October 5, 2023. Previously, the company was not in compliance with the minimum bid price requirement for 30 consecutive business days from June 28, 2023 to August 10, 2023.
October 10, 2023 | 12:41 pm
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Powerbridge Technologies has regained compliance with the Nasdaq minimum bid price requirement, which could positively impact investor confidence and the company's stock price.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Powerbridge Technologies. It removes the risk of delisting, which can negatively impact a company's stock price and investor confidence. Therefore, this news is likely to have a positive impact on PBTS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100