Vicinity Motor Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Vicinity Motor Corp. has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's common shares have not met the minimum bid price of $1.00 per share for the last 30 consecutive business days.
October 25, 2023 | 12:40 pm
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Vicinity Motor Corp. has been notified by Nasdaq for not meeting the minimum bid price requirement. This could potentially lead to delisting if not rectified within the grace period.
The Nasdaq notification indicates that Vicinity Motor Corp.'s stock price has been consistently below the minimum bid price of $1.00 per share. This is a serious issue as it could potentially lead to the company's delisting from the Nasdaq if not rectified within the grace period. This news is likely to negatively impact the company's stock price in the short term.
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