Reported Earlier, UTime Receives 180-Day Extension From Nasdaq To Meet Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
UTime has been granted a 180-day extension by Nasdaq to meet the minimum bid price rule, allowing the company more time to comply with stock listing requirements.

March 05, 2024 | 6:51 am
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UTime has received a 180-day extension from Nasdaq to meet the minimum bid price requirement, providing the company with additional time to comply with listing standards.
Receiving an extension from Nasdaq is a positive development for UTime, as it alleviates immediate delisting concerns and provides the company with more time to improve its stock price and comply with Nasdaq's minimum bid price rule. This news is likely to be viewed positively by investors and could lead to a short-term increase in the stock price due to reduced uncertainty and increased investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100