Global System Dynamics, Inc Receives Notice Of Non-Compliance With NASDAQ's Listing Rule 5550(b)(2)
Portfolio Pulse from Benzinga Newsdesk
Global System Dynamics, Inc. (NASDAQ:GSD) has received a notice of non-compliance with NASDAQ's Listing Rule 5550(b)(2) due to not regaining compliance with the minimum Market Value of Listed Securities (MVLS) of $35,000,000. The company intends to request a hearing to present a plan to address the deficiency and maintain the NASDAQ listing. The securities will remain listed until a decision is made.
October 10, 2023 | 8:17 pm
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GSD has received a non-compliance notice from NASDAQ due to not meeting the minimum MVLS of $35M. The company plans to present a plan to regain compliance.
The non-compliance notice from NASDAQ is a significant event for GSD. It indicates that the company is not meeting the minimum MVLS of $35M, which is a requirement for continued listing on NASDAQ. This could potentially lead to the delisting of the company's securities, which would be a negative event for the company. However, the company's plan to present a plan to regain compliance could potentially mitigate this risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100