Wearable Devices Granted 180-Day Extension By Nasdaq To Regain Compliance With Minimum Bid Requirement
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. (WLDS) has been granted a 180-day extension by Nasdaq to regain compliance with the minimum bid price requirement. This extension provides WLDS additional time to meet Nasdaq's listing requirement of maintaining a minimum bid price of $1.00 per share.
April 24, 2024 | 8:42 pm
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Wearable Devices Ltd. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement, aiming to maintain its listing by meeting the $1.00 per share minimum.
The extension is a positive development for WLDS, providing it with additional time to work towards meeting Nasdaq's minimum bid price requirement. This news could lead to increased investor confidence and potentially a positive impact on the stock price in the short term as it reduces the immediate risk of delisting.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100