NextPlay Technologies Receives Notice From Nasdaq Stating That It Did Not Comply With Listing Rule
Portfolio Pulse from Benzinga Newsdesk
NextPlay Technologies received a notice from Nasdaq for non-compliance with listing rules. The company intends to appeal and has paid for the appeal request, believing it can regain compliance before the hearing.

December 04, 2023 | 9:18 pm
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NextPlay Technologies received a non-compliance notice from Nasdaq but plans to appeal and is confident in regaining compliance before the hearing.
Receiving a non-compliance notice from Nasdaq is typically seen as a negative event, as it puts the company's listing at risk. The intention to appeal and the payment for the appeal request show proactive steps by NXTP, but the uncertainty surrounding the outcome may still negatively impact investor sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100