BeyondSpring Gets Nasdaq Notice Regarding Minimum Bid Price Requirements
Portfolio Pulse from Benzinga Newsdesk
BeyondSpring Inc. has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has been trading below the required $1 minimum bid price for the last 30 consecutive business days. BeyondSpring must regain compliance by either meeting or exceeding the $1 minimum bid price for at least 10 consecutive business days or by implementing a reverse stock split.
December 18, 2023 | 9:31 pm
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BeyondSpring Inc. has been notified by Nasdaq for not meeting the minimum bid price requirement. The company's shares need to trade above $1 for 10 consecutive days to regain compliance, which may lead to increased volatility as it approaches the compliance deadline.
The notice from Nasdaq is a significant regulatory event that directly affects BeyondSpring Inc. The potential for a reverse stock split or the risk of delisting if compliance is not achieved can lead to negative investor sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100