Infobird Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Infobird Co., Ltd (IFBD) has regained compliance with the Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq on March 24, 2023, confirming that it has maintained a closing bid price of $1.00 per share or more for at least 10 consecutive business days. As a result, Infobird is now in compliance with Listing Rule 5550(a)(2).
December 07, 2023 | 10:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Infobird Co., Ltd (IFBD) has successfully met the Nasdaq's minimum bid price requirement, which is a positive development for the company and its investors.
Regaining compliance with Nasdaq's minimum bid price requirement is a significant positive development for Infobird. It removes the immediate risk of delisting, which can restore investor confidence and potentially lead to a more stable stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100