Fusion Fuel Green Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Fusion Fuel Green Plc (NASDAQ:HTOO) has received a notice from Nasdaq for not meeting the $1.00 minimum bid price requirement for continued listing. The company has until May 6, 2024, to regain compliance by having the closing bid price of its shares meet or exceed $1.00 for at least ten consecutive business days. The company's shares continue to trade on The Nasdaq Global Market under the symbol 'HTOO'.
November 07, 2023 | 10:46 pm
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Fusion Fuel Green Plc (NASDAQ:HTOO) has been warned by Nasdaq for not meeting the $1.00 minimum bid price requirement. The company has until May 6, 2024, to regain compliance.
The news of the Nasdaq deficiency notice could negatively impact the stock price of Fusion Fuel Green Plc in the short term as it indicates that the company is not currently in compliance with the Nasdaq's minimum bid price requirement. This could lead to investor uncertainty and potential sell-offs. However, the company has time until May 2024 to regain compliance, which could mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100