Origin Agritech Says On January 11, 2024, Nasdaq Notified That It Continued To Be In Non-Compliance With Minimum Market Value Of Listed Securities Requirements - Filing
Portfolio Pulse from Benzinga Newsdesk
Origin Agritech was notified by Nasdaq on January 11, 2024, of continued non-compliance with minimum market value requirements. The company's shares are set to be delisted from The Nasdaq Capital Market on January 22, 2024, unless an appeal is filed by January 18, 2024.
January 17, 2024 | 9:34 pm
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Origin Agritech's non-compliance with Nasdaq's market value requirements may lead to delisting of its shares on January 22, 2024, if no appeal is made by January 18.
The news directly pertains to Origin Agritech and the potential delisting is a significant negative event that could impact investor confidence and the stock's liquidity. The importance is high as delisting can affect the stock's accessibility and attractiveness to investors. The confidence in the analysis is high due to the clear and direct nature of the regulatory notice.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100