REE Automotive Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
REE Automotive Ltd. (NASDAQ:REE) has regained compliance with the Nasdaq minimum bid price requirement. The company maintained a closing bid price at or greater than $1.00 per ordinary share for the last 10 consecutive business days from October 18, 2023 to October 31, 2023.
November 01, 2023 | 2:08 pm
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REE Automotive has regained compliance with the Nasdaq minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with the Nasdaq minimum bid price requirement is a positive development for REE Automotive. It indicates that the company's stock price has been stable or increasing, which could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100