Capital City Bank Group Receives Notice From Nasdaq About Continued Listing Requirements; Intends To File Its Form 10-Q As Promptly As Practicable
Portfolio Pulse from Benzinga Newsdesk
Capital City Bank Group has received a notice from Nasdaq regarding non-compliance with continued listing requirements due to a delay in filing its Form 10-Q. The company plans to file the required form as soon as possible to regain compliance.
November 21, 2023 | 9:20 pm
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Capital City Bank Group has been notified by Nasdaq about non-compliance with listing requirements, which could affect investor confidence and stock price. The company is working to file its Form 10-Q promptly.
Receiving a notice from Nasdaq about non-compliance with listing requirements is a negative event that can lead to investor concern about the company's financial health and governance. This could result in a short-term negative impact on the stock price. However, the company's intention to file the Form 10-Q promptly may mitigate the impact if investors believe the issue will be resolved quickly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100