TRxADE Health On Nov 21, Received Notice From Nasdaq Indicating That Co Is Not Compliant With Timely Filing Requirement For Continued Listing; Working Diligently And Plans To File Form 10-Q As Soon As Practicable To Regain Compliance With Listing Rule
Portfolio Pulse from Benzinga Newsdesk
TRxADE Health received a notice from Nasdaq on November 21 indicating non-compliance with the timely filing requirement for continued listing due to the delayed filing of Form 10-Q. The company is working to file the required form as soon as possible to regain compliance with Nasdaq's listing rule, as per an SEC filing.
November 28, 2023 | 5:34 pm
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TRxADE Health (MEDS) has been notified by Nasdaq of non-compliance related to the delayed filing of its Form 10-Q, which is required for continued listing. The company is working to regain compliance.
Receiving a notice of non-compliance from Nasdaq is a negative event that can lead to investor concern about the company's ability to maintain its listing status. This can result in a short-term negative impact on the stock price as investors may perceive the delay in filing as a sign of potential underlying issues with the company's financials or internal controls. The company's statement that it plans to file the Form 10-Q as soon as practicable may mitigate some concerns, but until the filing is made and compliance is regained, the uncertainty is likely to weigh on the stock.
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