Ucommune Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Ucommune International Ltd 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 its ordinary shares at $1.00 per share or greater for at least 10 consecutive business days. As a result, Ucommune is now in compliance with Listing Rule 5550(a)(2).
December 15, 2023 | 11:32 am
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Ucommune International Ltd (UK) has successfully regained compliance with Nasdaq's minimum bid price rule, avoiding potential delisting risks.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Ucommune, as it reduces the risk of delisting. This news is likely to be viewed favorably by investors and could lead to increased investor confidence in the short term, potentially supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100