Tantech Receives NASDAQ Notification Regarding Minimum Bid Requirements
Portfolio Pulse from Benzinga Newsdesk
Tantech Holdings Ltd. has received a notification from NASDAQ regarding its failure to meet the minimum bid price requirement. The company's stock price has been below $1 for a consecutive 30-day period, which is against NASDAQ's listing rules. Tantech is now required to regain compliance within 180 days by having its stock price meet or exceed $1 for at least ten consecutive business days.
February 29, 2024 | 9:21 pm
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NEGATIVE IMPACT
Tantech Holdings Ltd. received a NASDAQ notification for failing to meet the minimum bid price requirement, risking its listing status.
Receiving a notification from NASDAQ about failing to meet the minimum bid price requirement is a significant negative development for Tantech Holdings Ltd. This situation puts the company at risk of being delisted if it cannot regain compliance within the given timeframe. Such news is likely to negatively impact investor confidence and could lead to a decrease in stock price in the short term as investors assess the company's ability to meet NASDAQ's requirements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100