Soluna Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. (NASDAQ:SLNH), the parent company of Soluna Computing, Inc., a developer of green data centers for Bitcoin mining, has regained compliance with the Nasdaq minimum bid price requirement. The company received a notification from Nasdaq confirming that it had a closing bid price at or greater than the $1.00 per ordinary share minimum requirement for the last 10 consecutive business days.
October 31, 2023 | 12:43 pm
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Soluna Holdings, Inc. (NASDAQ:SLNH) 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 Soluna Holdings. It indicates that the company's stock price has been stable or increasing, which could potentially boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100