Motus GI Holdings shares are trading lower after the company announced that it does not believe that it will be able to maintain the listing of its common stock on the Nasdaq and that it does not intend to appeal the staff's determination. The company said it is exploring a range of strategic and financing alternatives.
Portfolio Pulse from Benzinga Newsdesk
Motus GI Holdings announced it likely won't maintain its Nasdaq listing and won't appeal the decision. The company is exploring strategic and financing alternatives.
April 11, 2024 | 8:32 pm
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Motus GI Holdings announced it's unlikely to maintain its Nasdaq listing, affecting its stock price negatively.
The announcement of a potential Nasdaq delisting for Motus GI Holdings directly impacts investor confidence and the stock's attractiveness, likely leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100