Qilian International Says It Received 180-day Extension From Nasdaq To Meet Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Qilian International (QLI) has been granted a 180-day extension by Nasdaq to meet the minimum bid price requirement. The company must now comply with the $1 minimum bid price rule by September 18, 2023, to maintain its listing on the exchange. Failure to meet this requirement could result in delisting.
January 12, 2024 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Qilian International has received an extension from Nasdaq to meet the minimum bid price rule, providing additional time to comply and avoid delisting.
The extension is positive news for QLI as it provides the company with additional time to work on increasing its stock price above the $1 threshold. This could lead to a positive investor sentiment in the short term. However, there is still a risk of delisting if the requirement is not met by the new deadline, which maintains a level of uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100