Nxu Announced Nasdaq Approved Company's Request For Continued Listing, Subject To Nxu Demonstrating Compliance With The Listing Rules On Or Before April 7, 2024
Portfolio Pulse from Benzinga Newsdesk
Nxu has received approval from Nasdaq to continue its listing, with the condition that it demonstrates compliance with the listing rules by April 7, 2024.
December 18, 2023 | 9:05 pm
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POSITIVE IMPACT
Nxu has been granted conditional approval by Nasdaq to remain listed, provided it meets listing requirements by April 7, 2024.
The news of Nasdaq's conditional approval for continued listing is positive for Nxu, as it alleviates immediate delisting concerns and provides a timeline for compliance. This may boost investor confidence in the short term, potentially leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100