On December 6, AERWINS Technologies Inc Received Written Notice From Nasdaq Stating That Co Has Not Regained Compliance With MVLS Requirement
Portfolio Pulse from Benzinga Newsdesk
AERWINS Technologies Inc received a written notice from Nasdaq on December 6, indicating that the company has not regained compliance with the Minimum Value of Listed Securities (MVLS) requirement, according to an SEC filing.
December 12, 2023 | 8:54 pm
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NEGATIVE IMPACT
AERWINS Technologies Inc has been notified by Nasdaq of its failure to meet the MVLS requirement, which could lead to potential delisting if not addressed.
Non-compliance with Nasdaq's MVLS requirement is a serious issue that can result in delisting. This notice is likely to negatively impact investor confidence and could lead to a decrease in AERWINS Technologies Inc's stock price in the short term as the market reacts to the potential risks associated with the non-compliance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100