On Nov 22, IMAC Holdings Inc Received Letter From Nasdaq Indicating That The Company Was Not In Compliance With Equity Rule
Portfolio Pulse from Benzinga Newsdesk
IMAC Holdings Inc received a non-compliance letter from Nasdaq regarding the Equity Rule, as per a recent SEC filing. This could affect the company's listing status if not addressed.
November 24, 2023 | 6:05 pm
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NEGATIVE IMPACT
IMAC Holdings Inc has been notified of non-compliance with Nasdaq's Equity Rule, which could lead to potential delisting if not remedied.
Receiving a non-compliance letter from Nasdaq is a significant regulatory issue that can lead to delisting if not corrected. This news is likely to negatively impact investor confidence and could result in a decrease in stock price in the short term as the market reacts to the potential risks associated with the company's ability to maintain its listing status.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100