Waldencast Reveals Receipt Of Nasdaq Listing Stay Notice
Portfolio Pulse from Benzinga Newsdesk
Waldencast has received a notice from Nasdaq granting a stay of delisting, allowing the company to remain listed on the exchange while it works to meet the necessary requirements.
November 22, 2023 | 10:05 pm
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POSITIVE IMPACT
Waldencast received a stay notice from Nasdaq, which temporarily prevents its delisting and provides time to comply with listing requirements.
The receipt of a stay notice from Nasdaq is a positive development for Waldencast as it prevents immediate delisting and suggests that the company may have a viable plan to regain compliance. This news can be seen as a relief to investors and may positively impact the stock price in the short term as it reduces the immediate risk of delisting.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100