Moatable Reveals Receipt Of NYSE Non-Compliance Letter On ADS Trading Price
Portfolio Pulse from Benzinga Newsdesk
Moatable has received a non-compliance letter from the NYSE due to the trading price of its American Depositary Shares (ADS) falling below the required minimum. The company must address this issue to regain compliance and avoid potential delisting.
December 12, 2023 | 12:04 pm
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Moatable has been notified by the NYSE of non-compliance related to its ADS trading price. The company is at risk of delisting if it cannot rectify the situation.
Receiving a non-compliance letter from the NYSE is a serious matter, indicating that Moatable's stock is trading below the exchange's minimum price requirement. This could lead to negative investor sentiment in the short term, increasing the likelihood of a decrease in stock price as investors may be concerned about the potential for delisting and the company's overall financial health.
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