Tritium Receives Notice From Nasdaq Over Public Float Standard Non-Compliance
Portfolio Pulse from Benzinga Newsdesk
Tritium has been notified by Nasdaq about its non-compliance with the Public Float Standard. The company plans to present a compliance plan during a scheduled hearing with the Nasdaq Hearings Panel, aiming to keep its shares trading on Nasdaq until a final decision is made.
April 11, 2024 | 7:41 am
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Tritium, trading as DCFC, is addressing its non-compliance with Nasdaq's Public Float Standard and plans to present a compliance plan to remain listed.
The news directly involves DCFC's compliance with Nasdaq listing requirements, which is critical for its continued listing. The company's proactive approach to address the issue and present a compliance plan may mitigate negative investor sentiment, but uncertainty remains until the final decision by the Nasdaq Hearings Panel.
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