Tingo Group Receives Nasdaq Request For Information Following Expiry Of Securities & Exchange Commission's Temporary Suspension Of Trading In The Company's Securities
Portfolio Pulse from Benzinga Newsdesk
Tingo Group has been requested by Nasdaq to provide information after the SEC's temporary suspension of trading in the company's securities. Tingo intends to respond within 3 to 4 business days and aims to resume trading as soon as possible.
November 29, 2023 | 1:22 pm
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Tingo Group is expected to respond to Nasdaq's request for information following the SEC's temporary trading suspension, with the intention to resume trading promptly.
The news indicates regulatory compliance efforts by Tingo Group, which is a positive step towards resuming trading. However, the recent suspension may still weigh on investor sentiment, leading to a neutral short-term impact.
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