Jayud Global Logistics Receives Nasdaq Notification Of Non-Compliance with Listing Rule 5550(b)(1)
Portfolio Pulse from Benzinga Newsdesk
Jayud Global Logistics Limited (NASDAQ:JYD), a supply chain solution provider, received a Nasdaq non-compliance notification for not meeting the minimum stockholders' equity requirement. The company has until June 17, 2024, to submit a compliance plan and may get up to 180 days to regain compliance. The notification does not immediately affect its Nasdaq listing.
May 03, 2024 | 8:34 pm
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Jayud Global Logistics received a Nasdaq non-compliance notice for failing to meet the stockholders' equity requirement.
Receiving a non-compliance notification from Nasdaq typically leads to negative investor sentiment in the short term, as it raises concerns about the company's financial health and the potential risk of delisting. Although the company plans to submit a compliance plan, the uncertainty until compliance is regained can negatively impact the stock price.
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