Maris-Tech Announces Receipt Of Nasdaq Minimum Price Bid Notification
Portfolio Pulse from Benzinga Newsdesk
Maris-Tech has received a Nasdaq minimum price bid notification, according to an SEC filing. This means that the company's stock has not met the minimum bid price of $1.00 per share over the last 30 consecutive business days.
October 13, 2023 | 8:13 pm
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Maris-Tech's receipt of a Nasdaq minimum price bid notification indicates that its stock has been trading below the minimum bid price of $1.00 per share. This could potentially lead to its delisting from the Nasdaq if the situation is not rectified.
The receipt of a Nasdaq minimum price bid notification is a serious matter for any publicly traded company. It means that the company's stock has not met the minimum bid price of $1.00 per share over the last 30 consecutive business days. If the company fails to regain compliance within the grace period, it could be delisted from the Nasdaq. This could negatively impact the company's stock price in the short term.
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