Phoenix Motor Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor Inc. (NASDAQ:PEV) has regained compliance with the Nasdaq minimum bid price requirement. The company's shares maintained a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, achieving compliance on October 20, 2023.
October 23, 2023 | 4:03 pm
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Phoenix Motor Inc. has regained compliance with the Nasdaq minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Phoenix Motor Inc. It indicates that the company's stock price has been stable or increasing, which could potentially boost investor confidence and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100