Nasdaq Panel Grants Marpai's Request For Extension To Comply With Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Marpai, Inc. (NASDAQ:MRAI), a Third-Party Administration company, has been granted an extension by the Nasdaq Hearings Panel to meet the continued listing requirements, specifically the Market Value of Listed Securities requirement of $35 million. The company now has until May 28, 2024, to comply, provided it meets certain conditions by March 31, 2024.
March 13, 2024 | 11:11 am
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Marpai, Inc. has been granted an extension by the Nasdaq to meet its continued listing requirements, specifically to reach a Market Value of Listed Securities of $35 million by May 28, 2024.
The extension granted by the Nasdaq Hearings Panel is a positive development for Marpai, Inc., as it provides additional time for the company to meet the Market Value of Listed Securities requirement. This is crucial for maintaining its listing on the Nasdaq Capital Market, which can positively influence investor confidence and the stock's market perception. The direct mention of the company and the specific nature of the extension make this news highly relevant and important for investors in MRAI.
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IMPORTANCE 90
RELEVANCE 100