Nutex Health Announces 180-day Extension To Regain Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Nutex Health Inc. (NUTX) has received a 180-day extension from Nasdaq to meet the minimum bid price requirement of $1.00. The company must maintain a closing bid price of $1.00 or higher for at least 10 consecutive business days by May 20, 2024, to regain compliance.
November 27, 2023 | 10:36 am
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Nutex Health Inc. has been granted an additional 180 days to comply with Nasdaq's minimum bid price rule, aiming to boost its share price to $1.00 or more for 10 consecutive days by May 20, 2024.
The extension provides Nutex Health with additional time to work on increasing its stock price above the $1.00 threshold, which is a positive development for the company. This news may instill confidence in investors that there is still time for the company to improve its financials or undertake strategic actions to boost its stock price. However, the underlying issues causing the stock price to be below $1.00 still need to be addressed, and there is no guarantee that the company will meet the requirement within the extended timeframe.
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