Orion Energy Systems Said On Jan 26, Received Written Notice From Nasdaq Notifying Co That It Had Regained Compliance With Bid Price Rule
Portfolio Pulse from Charles Gross
Orion Energy Systems received a notice from Nasdaq on January 26 confirming that the company has regained compliance with the Nasdaq Bid Price Rule, according to an 8-K filing.
January 30, 2024 | 11:19 am
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POSITIVE IMPACT
Orion Energy Systems has regained compliance with the Nasdaq Bid Price Rule, which may positively influence investor confidence and the stock's market standing.
Regaining compliance with the Nasdaq Bid Price Rule removes the risk of delisting, which is a positive development for Orion Energy Systems. This can lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100