RiskOn International Confirms It Has Appealed Nasdaq's Delisting Letter
Portfolio Pulse from Benzinga Newsdesk
RiskOn International, Inc. (NASDAQ: ROI) has filed an appeal against a delisting notice from Nasdaq due to non-compliance with the minimum stockholders' equity requirement of $2.5 million as per Nasdaq Listing Rule 5550(b)(1).
December 11, 2023 | 12:33 pm
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NEGATIVE IMPACT
RiskOn International has appealed a delisting notice from Nasdaq, which could impact investor confidence and the stock's short-term performance.
The appeal against Nasdaq's delisting notice indicates significant regulatory challenges for RiskOn International. Typically, news of potential delisting can undermine investor confidence, leading to negative sentiment and potential sell-off in the short term. However, the outcome of the appeal is uncertain, which may introduce volatility in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100