Appreciate Holdings Receives Notice From Nasdaq Regarding Delisting
Portfolio Pulse from Benzinga Newsdesk
Appreciate Holdings, Inc. (NASDAQ:SFR), the parent company of Renters Warehouse, has received a notice from Nasdaq stating that it did not meet the terms of the exception granted to regain compliance with Nasdaq's filing requirements. As a result, trading of the company's common stock will be suspended from The Nasdaq Global Market from October 27, 2023.
October 24, 2023 | 9:02 pm
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Appreciate Holdings' failure to meet Nasdaq's filing requirements will result in the suspension of its common stock trading from October 27, 2023.
The delisting of a company's stock from a major exchange like Nasdaq is a significant event that can lead to a decrease in the stock's liquidity and potentially its price. This is due to the fact that it becomes more difficult for investors to buy or sell the stock. Therefore, the news is highly relevant and important for investors in Appreciate Holdings.
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