LM Funding America Says Company Was Unable To Regain Nasdaq's Compliance With The Bid Price Requirement By October 11, 2023
Portfolio Pulse from Benzinga Newsdesk
LM Funding America was unable to regain compliance with Nasdaq's bid price requirement by the deadline of October 11, 2023, according to a Reuters report.
October 13, 2023 | 8:11 pm
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NEGATIVE IMPACT
LM Funding America's failure to meet Nasdaq's bid price requirement could lead to potential delisting, negatively impacting the stock's short-term performance.
LM Funding America's inability to meet the bid price requirement of Nasdaq could lead to its delisting from the exchange. This is a significant negative development for the company and could lead to a decrease in the stock's price in the short term as it may reduce investor confidence and limit the stock's liquidity.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100