ZK International Group Co., Ltd. Resolves Nasdaq Bid Price Deficiency And Remains In Compliance With Nasdaq Listing Standards
Portfolio Pulse from Happy Mohamed
ZK International Group Co., Ltd. (NASDAQ:ZKIN) has resolved its Nasdaq bid price deficiency and is now in compliance with Nasdaq's minimum bid price requirement. The company's stock price remained above $1.00 for 10 consecutive business days, satisfying the Nasdaq Capital Market's Listing Rule 5550(a)(2). The Nasdaq Listing Qualifications Panel will continue listing ZKIN's securities, and the company has acknowledged the assistance of Donohoe Advisory Associates LLC in this matter.
December 26, 2023 | 1:33 pm
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ZK International Group Co., Ltd. has regained compliance with Nasdaq's minimum bid price requirement, ensuring the continued listing of its securities on the Nasdaq Stock Market.
The resolution of the bid price deficiency is a positive development for ZKIN, likely leading to increased investor confidence and potentially a more stable stock price in the short term. The news directly addresses the company's compliance with Nasdaq listing standards, which is critical for investor perception and the ability to attract and retain shareholders.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100