Cardio Diagnostics Holdings Regains Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Charles Gross
Cardio Diagnostics Holdings, Inc. (CDIO) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company received a notification from Nasdaq on December 5, 2023, confirming that it meets the Minimum Bid Requirement set forth in Nasdaq Listing Rule 5550(a)(2).
December 06, 2023 | 11:13 am
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Cardio Diagnostics Holdings, Inc. has regained compliance with the Nasdaq minimum bid price requirement, which is crucial for maintaining its listing on the exchange.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for CDIO, as it removes the immediate risk of delisting. This news is likely to be viewed positively by investors and could lead to a short-term increase in the stock price due to improved investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100