Anghami Says On October 05, Received A Written Notification From Nasdaq Indicating That Co Is Currently Not In Compliance With Nasdaq Rule 5450(A)(1)
Portfolio Pulse from Benzinga Newsdesk
Anghami received a written notification from Nasdaq on October 05, indicating that the company is currently not in compliance with Nasdaq Rule 5450(A)(1).
October 12, 2023 | 1:08 pm
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NEGATIVE IMPACT
Anghami has received a notification from Nasdaq for non-compliance with Rule 5450(A)(1). This could potentially lead to delisting if not rectified.
Non-compliance with Nasdaq rules can lead to penalties including delisting. This news is directly related to Anghami and could negatively impact investor sentiment, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100