C3is Inc. Received Formal Notification From The Nasdaq Stock Market Notifying It Has Been Granted An Additional 180-day Compliance Period, Or Until August 19, 2024, To Regain Compliance With The Minimum $1.00 Bid Price Per Share Requirement
Portfolio Pulse from Benzinga Newsdesk
C3is Inc. has been granted an additional 180-day period, until August 19, 2024, by Nasdaq to meet the minimum $1.00 bid price per share requirement for continued listing.
February 22, 2024 | 12:14 pm
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C3is Inc. has until August 19, 2024, to regain compliance with Nasdaq's $1.00 minimum bid price requirement, following a formal notification of an additional 180-day compliance period.
The extension provides C3is Inc. with additional time to regain compliance with Nasdaq's listing requirements, potentially reducing the immediate risk of delisting. This news could be viewed positively by investors as it indicates Nasdaq's willingness to allow the company more time to meet its requirements, possibly leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100