Waldencast Reveals Receipt Of Anticipated Nasdaq Delinquency Notice
Portfolio Pulse from Benzinga Newsdesk
Waldencast (WALD) has received a delinquency notice from Nasdaq due to its failure to meet the deadline for filing its financial statements. This notice is a standard procedure when a listed company does not comply with Nasdaq's filing requirements. Waldencast is expected to submit a plan to regain compliance and avoid potential delisting.
January 09, 2024 | 9:08 pm
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Waldencast received a Nasdaq delinquency notice for not filing its financial statements on time, which could lead to delisting if not remedied.
Receiving a delinquency notice from Nasdaq is a negative event as it puts the company at risk of being delisted if it fails to regain compliance. This can affect investor confidence and potentially lead to a decrease in the stock price in the short term.
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