NuZee Receives Receipt Of NASDAQ Notification
Portfolio Pulse from Benzinga Newsdesk
NuZee, Inc. has received a notification from NASDAQ regarding a non-compliance issue. The company has not maintained a minimum bid price of $1.00 over the last 30 consecutive business days as required by NASDAQ's listing rules. NuZee now has a compliance period of 180 calendar days to regain compliance by maintaining a bid price of $1.00 or more for a minimum of 10 consecutive business days. The company's trading symbol is NUZE.
January 26, 2024 | 9:15 pm
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NuZee, Inc. has been notified by NASDAQ of non-compliance with the minimum bid price rule. The company's stock price has been below $1.00 for 30 consecutive business days. NuZee has 180 days to correct this issue to avoid potential delisting.
Receiving a non-compliance notification from NASDAQ is a negative signal to the market, indicating that the company is at risk of failing to meet exchange requirements. This can lead to decreased investor confidence and potential selling pressure on the stock. The company must work to boost its stock price above the $1.00 threshold to regain compliance and avoid delisting, which adds uncertainty in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100