Achari Ventures Holdings Corp I: Said On Oct 5, Received Letter From Staff At Nasdaq Stating Co Has Not Regained Compliance With MVLS Requirement
Portfolio Pulse from Charles Gross
Achari Ventures Holdings Corp I (AVHI) received a letter from Nasdaq on October 5, stating that the company has not regained compliance with the Minimum Value Listing Standard (MVLS) requirement.
October 11, 2023 | 8:42 pm
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NEGATIVE IMPACT
Achari Ventures Holdings Corp I has not regained compliance with Nasdaq's MVLS requirement, which could lead to potential delisting.
Non-compliance with Nasdaq's MVLS requirement could lead to potential delisting of AVHI's stock from the exchange. This could negatively impact the stock's liquidity and marketability, leading to a potential decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100