WiSA Technologies Regains Compliance With Minimum Bid Price Requirement Under Nasdaq Listing Rule
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies has successfully regained compliance with the Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange. This comes after the company's stock price remained at or above the required minimum bid price threshold.
May 02, 2024 | 10:15 am
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WiSA Technologies regains compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing.
Regaining compliance with Nasdaq's minimum bid price requirement is a significant positive development for WiSA Technologies. It removes the immediate risk of delisting, which can have a detrimental effect on stock liquidity and investor perception. This news is likely to be viewed positively by investors, potentially leading to increased investor confidence and support for the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100