On April 19, Forward Industries Inc Was Notified By Nasdaq Panel Company's Request For An Extension To Meet Nasdaq's Listing Rules Was Granted; Has Until July 9, 2024 To Meet $1.00 Bid Price Rule And $2.5m Stockholders' Equity Rule
Portfolio Pulse from Benzinga Newsdesk
Forward Industries Inc. has been granted an extension by a Nasdaq panel to meet the Nasdaq's listing requirements. The company now has until July 9, 2024, to comply with the $1.00 bid price rule and the $2.5 million stockholders' equity rule, according to an SEC filing.
April 22, 2024 | 8:45 pm
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Forward Industries has been granted an extension by Nasdaq to meet listing requirements, with a new deadline set for July 9, 2024.
The extension granted to Forward Industries by Nasdaq is a positive development for the company, as it provides additional time to meet the listing requirements. This news is likely to be viewed positively by investors and could lead to a short-term increase in investor confidence and potentially the stock price, as it alleviates immediate delisting concerns.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100