Clean Energy Special Situations Corp. Receives Notice From Nasdaq Regarding Suspension Of Trading Of Securities And Files For Hearing
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Special Situations Corp. (SWSS) received a notice from Nasdaq on February 14, 2024, for not complying with listing standards due to the late filing of its Q3 10-Q report. The company failed to meet the extended deadline of February 12, 2024, leading to a potential suspension of trading of its securities on February 23, 2024. SWSS has requested an appeal and a stay of suspension pending the hearing, but there is no assurance of regaining compliance or preventing the suspension.
February 21, 2024 | 9:35 pm
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Clean Energy Special Situations Corp. is at risk of Nasdaq suspension due to non-compliance with listing standards, specifically the late filing of its Q3 10-Q report.
The notice from Nasdaq regarding the potential suspension of trading for SWSS due to non-compliance with listing standards directly impacts the company's stock. The uncertainty surrounding the appeal and the potential for suspension could lead to negative investor sentiment and a decrease in stock price in the short term.
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IMPORTANCE 90
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