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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100