Meiwu Technology Co., Limited Regains Compliance With Nasdaq Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Meiwu Technology Co., Limited (NASDAQ:WNW), an online and mobile commerce company, has regained compliance with NASDAQ's listing requirements, specifically the minimum bid price rule. The company was previously at risk of being delisted due to a bid price deficiency, but this issue has been resolved. Consequently, a scheduled hearing with the NASDAQ Hearing Panel is no longer necessary, and Meiwu's shares will remain listed on The Nasdaq Stock Market.
January 18, 2024 | 1:38 pm
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Meiwu Technology Co., Limited has resolved its bid price deficiency and is now in compliance with NASDAQ's listing requirements, ensuring its continued listing on the stock market.
Regaining compliance with NASDAQ's listing requirements is a significant positive development for Meiwu Technology. It removes the immediate risk of delisting, which can be detrimental to a company's stock price and investor confidence. The resolution of this issue is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price as the uncertainty surrounding the company's listing status is lifted.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100