Monopar Therapeutics shares are trading lower. The company announced that the Nasdaq granted the company a 180-day extension to August 26th to regain compliance.
Portfolio Pulse from Benzinga Newsdesk
Monopar Therapeutics has been granted a 180-day extension by Nasdaq to regain compliance, extending the deadline to August 26th. This news has led to a decrease in the company's share price.
February 28, 2024 | 8:21 pm
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NEGATIVE IMPACT
Monopar Therapeutics' share price has decreased following the announcement of a 180-day extension by Nasdaq to regain compliance.
The decrease in Monopar Therapeutics' share price can be directly attributed to the announcement of the extension by Nasdaq. This kind of regulatory news often leads to negative investor sentiment in the short term as it highlights compliance issues that the company is facing. However, the impact may be moderated by the fact that the company now has additional time to meet Nasdaq's requirements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100