Troika Media Reveals Receipt Of Delinquency Notification Letter From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Troika Media has received a delinquency notification from Nasdaq due to non-compliance with listing requirements. The company is at risk of being delisted if it fails to regain compliance within the given timeframe.
November 27, 2023 | 10:49 pm
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NEGATIVE IMPACT
Troika Media's receipt of a delinquency notification from Nasdaq could negatively impact investor confidence and the stock's price in the short term.
Receiving a delinquency notification from Nasdaq is a significant negative regulatory event that indicates Troika Media is not meeting listing requirements. This can lead to a decrease in investor confidence and an increased risk of delisting, which typically puts downward pressure on a company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100