TIAN RUIXIANG Holdings shares are trading lower after the company announced that it received a notice of non-compliance from the Nasdaq related to the late filing of its annual report on Form 20-F.
Portfolio Pulse from Benzinga Newsdesk
TIAN RUIXIANG Holdings' shares are trading lower following the announcement that the company received a notice of non-compliance from Nasdaq due to the late filing of its annual report on Form 20-F.
March 26, 2024 | 4:34 pm
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NEGATIVE IMPACT
TIAN RUIXIANG Holdings' stock is trading lower after receiving a notice of non-compliance from Nasdaq for not filing its annual report on time.
Receiving a notice of non-compliance from a major stock exchange like Nasdaq is a significant negative event for any company. It raises concerns among investors regarding the company's governance and operational capabilities, potentially leading to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100