Motus Gi Holdings Says It Does Not Believe That It Will Be Able To Maintain Listing Of Its Common Stock On Nasdaq Capital Market; Does Not Intend To Appeal Staff's Determination And Expects Trading Of Common Stock To Be Suspended On Nasdaq At Opening Of Business On April 16, 2024
Portfolio Pulse from Benzinga Newsdesk
Motus GI Holdings announced it expects its common stock to be suspended from trading on the Nasdaq Capital Market at the opening of business on April 16, 2024, due to its belief that it will not be able to maintain its listing. The company does not intend to appeal the Nasdaq Staff's determination, as disclosed in an SEC filing.
April 11, 2024 | 8:19 pm
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Motus GI Holdings expects its common stock to be suspended from Nasdaq trading due to non-compliance with listing requirements, with no plans to appeal.
The announcement by Motus GI Holdings regarding its expected suspension from the Nasdaq Capital Market directly impacts its stock (MOTS) as it indicates a significant negative development. The lack of intention to appeal the Nasdaq Staff's determination further solidifies the likelihood of the suspension occurring, which typically leads to a negative perception among investors and could result in a decrease in stock price in the short term.
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