CISO Global In Compliance With Nasdaq Bid Price Listing Requirement
Portfolio Pulse from Happy Mohamed
CISO Global (NASDAQCM: CISO) has regained compliance with Nasdaq's bid price requirement, avoiding a scheduled hearing. This was achieved through a reverse split effective March 8, 2024, maintaining a share price above $1.00 for 10 consecutive trading days.
March 26, 2024 | 12:34 pm
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POSITIVE IMPACT
CISO Global has successfully met Nasdaq's bid price requirement, avoiding potential delisting risks.
CISO Global's compliance with the Nasdaq bid price requirement significantly reduces the risk of delisting, which can be seen as a positive development for the company. The successful reverse split and maintenance of a share price above $1.00 for 10 consecutive days demonstrate the company's ability to meet Nasdaq's standards, potentially restoring investor confidence and leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100