On Oct 16, Futuretech II Acquisition Corp Received Written Notice From Nasdaq Notifying Co Is Not In Compliance With Minimum Total Holders Rule
Portfolio Pulse from Benzinga Newsdesk
Futuretech II Acquisition Corp (FTII) has received a written notice from Nasdaq stating that the company is not in compliance with the minimum total holders rule, according to an SEC filing.
October 20, 2023 | 8:30 pm
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Futuretech II Acquisition Corp's non-compliance with Nasdaq's minimum total holders rule could potentially lead to delisting if not rectified.
Non-compliance with Nasdaq's rules can lead to penalties including delisting. This news directly pertains to FTII and could negatively impact its stock price in the short term as investors may perceive this as a risk.
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