Cuentas Inc. Has Received A Notice From Nasdaq Stating That Its Common Stock And Warrants Will Be Suspended From Trading As Of The Opening Of Business On December 20, 2023; Co Plans To Appeal Decision While Anticipating That Its Securities Will Be Traded On The Pink Current Information Tier Of The OTC Market
Portfolio Pulse from Benzinga Newsdesk
Cuentas Inc. has been notified by Nasdaq that its common stock and warrants will be suspended from trading. The company intends to appeal the decision but expects its securities to trade on the Pink Current Information tier of the OTC market, as per an SEC filing.

December 19, 2023 | 8:21 pm
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Cuentas Inc. is facing a trading suspension on Nasdaq for its common stock and warrants, which is a significant regulatory issue that could negatively impact investor confidence and stock liquidity.
The notice of suspension from Nasdaq is a critical regulatory event that typically leads to a negative perception among investors, potentially causing a decrease in the stock's price. The move to the OTC market often results in reduced visibility and liquidity, which can further depress the stock price. The company's intention to appeal shows that it is taking action to mitigate the situation, but the outcome is uncertain.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100