On January 16, 2024, Staffing 360 Solutions Received A Letter From Nasdaq Notifying The Company That The Company Has Been Granted An Additional 180-day Period, Or Until July 15, 2024, To Regain Compliance With The Minimum Bid Price Requirement
Portfolio Pulse from Charles Gross
Staffing 360 Solutions, Inc. (STAF) has received an additional 180-day period from Nasdaq to meet the minimum bid price requirement for continued listing. Initially notified on July 17, 2023, for not meeting the $1.00 per share requirement, STAF now has until July 15, 2024, to regain compliance. The extension is based on meeting all other listing requirements and the company's intention to cure the deficiency, potentially through a reverse stock split.
January 17, 2024 | 11:09 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Staffing 360 Solutions has been granted an extension until July 15, 2024, to meet Nasdaq's minimum bid price requirement, potentially considering a reverse stock split to achieve compliance.
The extension provides STAF with additional time to regain compliance, which may be viewed positively by investors as it reduces the immediate risk of delisting. The potential reverse stock split could also be seen as a proactive measure to meet the bid price requirement, which might support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100