On Oct 9, Mountain & Co I Acquisition Got Notice From Nasdaq Indicating That Company Was No Longer In Compliance With Nasdaq Listing Rule 5450(A)(2)
Portfolio Pulse from Benzinga Newsdesk
Mountain & Co I Acquisition (MCAA) received a notice from Nasdaq indicating that the company is no longer in compliance with Nasdaq Listing Rule 5450(A)(2), according to an SEC filing.
October 13, 2023 | 8:50 pm
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NEGATIVE IMPACT
Mountain & Co I Acquisition is no longer in compliance with Nasdaq Listing Rule 5450(A)(2), which may lead to potential delisting.
Non-compliance with Nasdaq Listing Rule 5450(A)(2) could lead to potential delisting of MCAA's shares from the exchange. This could negatively impact the stock's liquidity and marketability, leading to a potential decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100