On Dec 21, Orion Energy Systems Received Notice From Nasdaq That Co Is Not In Compliance With Minimum Bid Price Requirements For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Systems (OESX) received a notice from Nasdaq on Dec 21 indicating non-compliance with the minimum bid price requirement for continued listing, as per an SEC filing.
December 22, 2023 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Orion Energy Systems has been notified by Nasdaq of non-compliance with minimum bid price rules, which could affect its listing status.
Receiving a notice of non-compliance from Nasdaq is a significant negative event as it puts the company's listing status at risk. This can lead to decreased investor confidence and potential sell-off in the short term as investors may perceive the notice as a sign of financial instability or poor stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100