Advent Technologies Granted 180-Day Extension By NASDAQ To Regain Compliance With Minimum Bid Requirement
Portfolio Pulse from Benzinga Newsdesk
Advent Technologies Holdings, Inc. (NASDAQ:ADN) has been granted a 180-day extension by NASDAQ to meet the minimum bid price requirement. The company must increase its share price to at least $1.00 for 10 consecutive business days before May 20, 2024, to regain compliance. The current NASDAQ notification does not affect the listing or trading of ADN's shares.
November 22, 2023 | 6:15 pm
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Advent Technologies has received an extension until May 20, 2024, to comply with NASDAQ's minimum bid price rule. The company's shares will continue to trade on NASDAQ during this period.
The extension provides ADN with additional time to regain compliance with NASDAQ's listing requirements, which may be seen as a positive development. However, the underlying issue of the low share price remains, and the company must still work to increase its share price to avoid delisting. The news is highly relevant to ADN as it directly affects their listing status, and it is important for investors as it pertains to the company's ability to maintain its NASDAQ listing. The confidence level is high due to the clear terms set by NASDAQ and the direct impact on the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100