LifeWallet Announces It Is In Compliance With All Applicable Nasdaq Listing Standards
Portfolio Pulse from Benzinga Newsdesk
LifeWallet (NASDAQ:LIFW) has announced that it is now in compliance with all applicable Nasdaq listing standards. The company's previously disclosed bid price deficiencies have been cured, and the scheduled hearing before the Nasdaq Listing Qualifications Hearings Panel has been cancelled. LifeWallet's Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with listing standards.
October 30, 2023 | 1:40 pm
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LifeWallet's compliance with Nasdaq listing standards and the cancellation of the hearing before the Nasdaq Listing Qualifications Hearings Panel could potentially boost investor confidence in the company.
LifeWallet's announcement that it is now in compliance with all applicable Nasdaq listing standards indicates that the company has addressed its previously disclosed bid price deficiencies. This could potentially boost investor confidence in the company, as it shows that LifeWallet is taking steps to ensure its continued listing on Nasdaq. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100