Minim Reported Friday Evening That It Received A Deficiency Letter From The Nasdaq Notifying The Company That It Is Not In Compliance With The Minimum Stockholders' Equity Requirement.
Portfolio Pulse from Benzinga Newsdesk
Minim received a deficiency letter from Nasdaq for not meeting the minimum stockholders' equity requirement, as reported in an SEC filing on Friday evening.
January 16, 2024 | 6:07 pm
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Minim has been notified by Nasdaq of non-compliance with the minimum stockholders' equity requirement, which could lead to potential delisting if not rectified.
Receiving a deficiency letter from Nasdaq is a negative signal to the market, indicating potential financial instability or governance issues. It may lead to a decrease in investor confidence and a potential drop in stock price in the short term. Minim will need to address this issue to regain compliance and avoid further negative consequences such as delisting.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100