Moxian Receives NASDAQ Notification Regarding Minimum Bid Price Requirements
Portfolio Pulse from Benzinga Newsdesk
Moxian (NASDAQ:MOXC), a US-based bitcoin mining company, has received a notification from Nasdaq for not complying with the minimum bid price requirement. The company's shares were below $1.00 for 30 consecutive business days. Moxian has until April 9, 2024, to regain compliance. If not, it may be eligible for an additional 180-day grace period.
October 18, 2023 | 8:00 pm
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Moxian's non-compliance with Nasdaq's minimum bid price requirement could potentially lead to its delisting if it fails to regain compliance by April 9, 2024.
Moxian's share price has been below the required minimum bid price for 30 consecutive business days, which is a violation of Nasdaq's rules. If the company fails to raise its share price to at least $1.00 for a minimum of 10 consecutive business days before April 9, 2024, it risks being delisted from Nasdaq. This could negatively impact the company's stock price in the short term.
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