The receipt of a Nasdaq delinquency notice is a significant regulatory event that could impact investor confidence and the company's stock price. However, the announcement of a reverse stock split to meet Nasdaq's bid price requirement may mitigate some negative impacts by demonstrating the company's proactive measures to maintain its listing. The short-term impact on the stock price could be neutral as negative sentiment from the delinquency notice may be offset by positive reactions to the company's compliance efforts.