On Oct 9, Monterey Innovation Acquisition Corp Received Notice From Nasdaq Indicating Co Is Not In Compliance With Nasdaq Listing Rule 5450(A)(2)
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Monterey Innovation Acquisition Corp has received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq Listing Rule 5450(A)(2), according to an SEC filing.
October 13, 2023 | 8:19 pm
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Monterey Innovation Acquisition Corp (MTRY) has received a notice of non-compliance with Nasdaq Listing Rule 5450(A)(2). 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 MTRY and could negatively impact the company's stock price in the short term as it introduces uncertainty and risk for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100