AirNet Announces Receipt of Minimum Bid Price Notice from Nasdaq
Portfolio Pulse from Benzinga Newsdesk
AirNet Technology Inc. (NASDAQ:ANTE) received a notice from Nasdaq for non-compliance with the minimum bid price requirement, as its ADS price has been below $1.00 for 30 consecutive business days.
December 01, 2023 | 8:02 am
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AirNet Technology Inc. has been notified by Nasdaq of non-compliance with its minimum bid price rule due to its stock trading below $1.00 for 30 days.
Receiving a notice of non-compliance from Nasdaq is a negative signal for investors, indicating that the company's stock is at risk of being delisted if it cannot regain compliance. This typically puts downward pressure on the stock price in the short term as it raises concerns about the company's financial health and market confidence.
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