Reported Earlier, Ohmyhome Faces Nasdaq Deficiency Notice Over Share Price Drop, Granted 180 Days to Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Ohmyhome Limited received a Nasdaq deficiency notice due to its share price falling below the $1.00 minimum requirement for 30 consecutive days. The company has 180 days, until October 28, 2024, to regain compliance. If unsuccessful, it may receive an extension or face delisting. Ohmyhome intends to explore options to address the issue.
May 06, 2024 | 11:41 am
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Ohmyhome received a Nasdaq deficiency notice for its share price dropping below $1.00, with 180 days to regain compliance or face potential delisting.
The deficiency notice from Nasdaq is a significant regulatory event that directly impacts Ohmyhome's stock. The potential for delisting if compliance is not achieved within the given timeframe or through an extension period puts downward pressure on the stock price in the short term. Investors may view this as a negative development, affecting the stock's performance until the company demonstrates a clear path to regaining compliance.
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