Glucotrack Receives Notification Letter From Nasdaq That It Has Been Granted An Additional 180-Day Compliance Period, Or Until May 20, 2024, To Regain Listing Compliance
Portfolio Pulse from Benzinga Newsdesk
Glucotrack has been granted an additional 180-day period by Nasdaq to regain compliance with listing requirements. The company now has until May 20, 2024, to meet the standards necessary to maintain its listing on the exchange.
November 30, 2023 | 10:43 pm
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Glucotrack has received an extension from Nasdaq to regain compliance with listing standards, providing more time to meet the exchange's requirements.
The extension granted by Nasdaq is a positive development for Glucotrack as it provides additional time to address the listing compliance issues without facing immediate delisting. This news may instill confidence in investors and could lead to a short-term positive impact on the stock price. However, the underlying issues causing the non-compliance still need to be resolved, which is why the importance is not at the maximum level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100