Mingzhu Receives Nasdaq Minimum Bid Price Requirement Extension; Granted An Additional 180 Calendar Day Period For Compliance Under Its Minimum Bid Price Requirement Through July 22, 2024
Portfolio Pulse from Benzinga Newsdesk
MingZhu Logistics Holdings Limited (NASDAQ:YGMZ), a logistics and transportation service provider, has been granted an extension by NASDAQ to meet the minimum bid price requirement. The company now has until July 22, 2024, to maintain a closing bid price of at least $1.00 per share for ten consecutive business days.
January 23, 2024 | 9:02 pm
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MingZhu Logistics Holdings Limited has received an extension from NASDAQ to meet the minimum bid price requirement, providing additional time until July 22, 2024, to achieve compliance.
The extension provides MingZhu with additional time to meet NASDAQ's minimum bid price requirement, which may positively influence investor sentiment in the short term as it reduces the immediate risk of delisting. However, the company still needs to achieve the $1.00 bid price to maintain its listing, which could be challenging.
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