Warrantee Inc. Announces Receipt Of Nasdaq Delisting Determination; Plans To Appeal
Portfolio Pulse from Benzinga Newsdesk
Warrantee Inc. (NASDAQ:WRNT) has received a delisting determination from Nasdaq due to non-compliance with filing requirements. The company has not filed its Form 20-F for the period ended March 31, 2023. Unless Warrantee appeals, trading of its American Depositary Shares will be suspended from November 7, 2023. The company plans to appeal the decision.
November 02, 2023 | 9:49 pm
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Warrantee Inc. is facing delisting from Nasdaq due to non-compliance with filing requirements. The company's shares could be suspended from trading from November 7, 2023, unless it successfully appeals the decision.
The news of a potential delisting is a significant negative event for any publicly traded company. It often leads to a decrease in the company's stock price due to the uncertainty and potential loss of liquidity. In this case, Warrantee Inc. has not complied with Nasdaq's filing requirements, which raises questions about its ability to operate as a Nasdaq listed company. The company's plan to appeal the decision may provide some hope to investors, but the outcome is uncertain.
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