Warrantee Inc. Announces Receipt Of Nasdaq Delisting Determination And Plan To Appeal; Co Plans To Appeal To The Panel In Due Course. A Hearing Request Will Stay The Suspension Of The Co's Securities Pending The Panel's Decision
Portfolio Pulse from Benzinga Newsdesk
Warrantee Inc. (NASDAQ:WRNT), a Japanese marketing and market research technology company, has received a Nasdaq delisting determination due to non-compliance with the minimum bid price requirement and failure to file required financial documents. The company plans to appeal the decision, which will stay the suspension of its securities pending the appeal's outcome. Warrantee is exploring options, including a reverse stock split, to regain compliance.
April 19, 2024 | 8:08 pm
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Warrantee Inc. is at risk of Nasdaq delisting due to non-compliance with the minimum bid price and failure to file required financial documents. The company intends to appeal the decision.
The news directly impacts Warrantee Inc.'s stock as it highlights regulatory compliance issues that could lead to delisting from Nasdaq. The appeal process and potential measures like a reverse stock split to regain compliance are critical factors that could influence investor sentiment and the stock's short-term performance negatively.
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