Nuvve Receives 180 Calendar Day Extension From The Nasdaq Stock Market To Regain Compliance With Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. (NVVE) has received a 180-day extension from the Nasdaq Stock Market to regain compliance with the Bid Price Rule, which requires the bid price of Nuvve's common stock to close at $1.00 per share or more for a minimum of 10 consecutive business days. Nuvve is considering options to regain compliance, including a potential reverse stock split.
October 12, 2023 | 7:19 pm
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Nuvve has been granted an extension to regain compliance with Nasdaq's Bid Price Rule. The company is considering options including a potential reverse stock split.
The news of Nuvve's non-compliance with Nasdaq's Bid Price Rule and the potential reverse stock split could negatively impact investor sentiment and the stock price in the short term. However, the extension provides the company with an opportunity to regain compliance and stabilize its stock price.
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IMPORTANCE 80
RELEVANCE 100