On Dec 18, Jin Medical International Got Nasdaq Letter Notifying Co Failed To Give Detailed Plan To Support Decision For Further Time For Compliance
Portfolio Pulse from Benzinga Newsdesk
Jin Medical International received a letter from Nasdaq on Dec 18 stating that the company failed to provide a detailed plan to support its request for additional time to comply with Nasdaq's requirements, according to an SEC filing.
December 20, 2023 | 9:14 pm
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NEGATIVE IMPACT
Jin Medical International, which may be associated with the ticker ZJYL, has been notified by Nasdaq of its failure to submit a detailed compliance plan, potentially affecting its listing status.
The failure to provide a detailed plan as required by Nasdaq is a significant negative regulatory event that could lead to further compliance actions, including delisting. This uncertainty is likely to negatively impact investor confidence and the stock price of Jin Medical International in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100