On April 18, Gamer Pakistan Inc Got Notice From Nasdaq That It No Longer Complies With Nasdaq's Listing Rule 5250(c)(1) For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
Gamer Pakistan Inc (GPAK) received a notice from Nasdaq on April 18, indicating non-compliance with Nasdaq's Listing Rule 5250(c)(1) for continued listing, as per an SEC filing.
April 19, 2024 | 8:13 pm
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Gamer Pakistan Inc received a notice from Nasdaq for not complying with the listing requirements, which could impact its continued listing status.
Receiving a notice of non-compliance from Nasdaq is a significant regulatory issue that can lead to negative investor sentiment and potential delisting if not remedied. This news directly impacts GPAK's stock as it raises concerns about the company's ability to meet exchange requirements, which can lead to decreased investor confidence and a potential drop in stock price in the short term.
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