Yoshitsu Received Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Yoshitsu Co., Ltd has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock price has fallen below the $1 minimum bid price for 30 consecutive business days, which is against Nasdaq's listing rules. Yoshitsu now has a compliance period of 180 calendar days to regain compliance. If at any time during this period the bid price of Yoshitsu's stock closes at $1 or more for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will be closed.
December 26, 2023 | 9:07 pm
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Yoshitsu Co., Ltd has been notified by Nasdaq of not meeting the minimum bid price requirement. The company's shares have been trading below $1 for 30 consecutive days. Yoshitsu has 180 days to regain compliance with Nasdaq's listing rules.
The notification from Nasdaq is a negative signal for investors as it indicates that Yoshitsu's stock price has been underperforming. The risk of delisting can lead to a decrease in investor confidence and may put further downward pressure on the stock price in the short term. However, if Yoshitsu manages to regain compliance, it could restore some confidence.
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