Brüush Receives Nasdaq Notification Regarding Minimum Bid Requirements
Portfolio Pulse from Benzinga Newsdesk
Bruush Oral Care Inc. (NASDAQ:BRSH) received a notice from Nasdaq for not meeting the minimum bid price requirement as its shares closed below $1.00 for 30 consecutive days. The company has 180 days until May 13, 2024, to regain compliance by having its share price close at $1.00 or higher for at least ten consecutive business days. The notice does not affect the current trading of BRSH shares on Nasdaq.
November 19, 2023 | 8:36 pm
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Bruush Oral Care Inc. is under Nasdaq scrutiny for its stock price falling below $1.00. The company has until May 13, 2024, to regain compliance, which may involve strategic actions to boost the stock price.
Receiving a notice of non-compliance from Nasdaq is a negative signal to the market, indicating that the company's stock is not meeting the exchange's standards. This could lead to a decrease in investor confidence and a potential drop in stock price in the short term. The company's ability to regain compliance will be critical, and failure to do so could result in further negative consequences, including potential delisting.
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