Warrantee Receives Minimum Bid Price Deficiency Notification From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Warrantee has received a minimum bid price deficiency notification from Nasdaq. This means that the company's stock has not met the minimum bid price of $1.00 per share for 30 consecutive business days, as required by Nasdaq's rules.
October 18, 2023 | 6:12 am
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Warrantee's stock has not met the minimum bid price of $1.00 per share for 30 consecutive business days, leading to a deficiency notification from Nasdaq.
Receiving a minimum bid price deficiency notification from Nasdaq is a serious issue. It means that the company's stock has not met the minimum bid price of $1.00 per share for 30 consecutive business days. If the company cannot regain compliance within the grace period, it may face delisting from the Nasdaq exchange. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100