Spectaire Receives Deficiency Notification Letter From Nasdaq Listing Qualifications Department
Portfolio Pulse from Benzinga Newsdesk
Spectaire, presumably trading under the symbol SPEC, has received a deficiency notification from Nasdaq due to non-compliance with the Minimum Value of Publicly Held Shares (MVPHS) Rule. The company has until June 12, 2024, to regain compliance as per Nasdaq Listing Rule 5810(c)(3)(D).
December 19, 2023 | 10:00 pm
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Spectaire has been notified by Nasdaq of a deficiency regarding the MVPHS Rule and has until June 12, 2024, to regain compliance.
Receiving a deficiency notification from Nasdaq is a negative signal to the market, indicating potential issues with the company's stock value or liquidity. This could lead to a decrease in investor confidence and negatively impact the stock price in the short term.
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