PLBY Group On January 10 Received Letter From Nasdaq Stating Co Had Cured Its Previously Disclosed Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
PLBY Group received a letter from Nasdaq on January 10 confirming that the company has resolved its minimum bid price deficiency, as per a recent SEC filing.

January 10, 2024 | 9:24 pm
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POSITIVE IMPACT
PLBY Group has cured its minimum bid price deficiency, which is a positive regulatory development and may improve investor confidence.
Curing the minimum bid price deficiency removes the immediate risk of delisting from Nasdaq, which is a positive outcome for PLBY Group. This regulatory compliance is likely to be viewed favorably by investors and could lead to a short-term increase in stock price as it alleviates concerns over the company's ability to maintain its listing status.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100