RYVYL Received Letter From Nasdaq That Co Is Not In Compliance With Market Value Of Listed Securities Standard
Portfolio Pulse from Benzinga Newsdesk
RYVYL has received a letter from Nasdaq stating that the company is not in compliance with the market value of listed securities standard, according to an SEC filing.
October 20, 2023 | 8:11 pm
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RYVYL has received a non-compliance notice from Nasdaq regarding the market value of its listed securities. This could potentially lead to delisting if not rectified.
Receiving a non-compliance notice from a major exchange like Nasdaq is a serious issue. It means that the company's market value of listed securities is below the required standard. If the company fails to rectify this within the given timeframe, it could potentially be delisted from the exchange. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100