Akso Health Group Regains Compliance With Nasdaq's Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Akso Health Group (NASDAQ:AHG) has regained compliance with Nasdaq's minimum bid price requirement. The company had previously received a notification for failing to maintain a minimum bid price of $1.00 over 30 consecutive business days. However, the closing bid price of the company's ADS was at $1.00 per share or greater from September 15, 2023 to October 10, 2023.
October 16, 2023 | 2:32 pm
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POSITIVE IMPACT
Akso Health Group's stock may see positive movement as the company has regained compliance with Nasdaq's minimum bid price requirement.
Regaining compliance with Nasdaq's minimum bid price requirement removes the risk of delisting, which is a positive development for the company. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100