LQR House Receives Staff Delisting Determination From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
LQR House has received a Staff Delisting Determination from Nasdaq and plans to appeal the decision by requesting a hearing before a Nasdaq Hearings Panel, as per Nasdaq Listing Rule 5800 Series procedures.
November 22, 2023 | 9:33 pm
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LQR House has been notified of a potential delisting from Nasdaq, which could negatively impact investor confidence and the stock's liquidity. The company is appealing the decision.
Receiving a delisting notice is a significant negative regulatory event that can lead to decreased investor confidence and potential sell-off due to the uncertainty surrounding the company's future on the exchange. The appeal process introduces uncertainty, which typically has a negative short-term impact on a company's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100