Golden Sun Health Technology Reveals Receipt Of Nasdaq Delisting Determination; Plans To Appeal The Determination
Portfolio Pulse from Benzinga Newsdesk
Golden Sun Health Technology has received a Nasdaq delisting determination but plans to appeal. The company is exploring options, including a reverse stock split, and will update shareholders as necessary.

March 25, 2024 | 8:06 pm
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Golden Sun Health Technology received a Nasdaq delisting notice but plans to appeal and is considering a reverse stock split among other options.
The receipt of a Nasdaq delisting determination is typically seen as negative news for a company, as it reflects regulatory concerns about the company's ability to meet listing standards. While the appeal and consideration of a reverse stock split indicate proactive steps by the company to address these concerns, the uncertainty surrounding the outcome and potential dilution effects of a reverse stock split are likely to negatively impact investor sentiment in the short term.
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