Presidio Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Presidio Property Trust, Inc. (Presidio) has regained compliance with Nasdaq's minimum bid price requirement. The company's common stock maintained a closing bid price of $1.00 or more for 10 consecutive business days, satisfying Nasdaq Listing Rule 5550(a)(2). Nasdaq has confirmed that Presidio has met the requirement and considers the matter closed.
December 21, 2023 | 9:25 pm
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Presidio Property Trust, Inc. has regained compliance with the Nasdaq minimum bid price requirement, closing above $1.00 for the required period.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Presidio, as it removes the immediate risk of delisting. This news is likely to be viewed positively by investors and could lead to increased investor confidence in the short term, potentially supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100