Golden Sun Health Technology Group Limited Regains Compliance With Nasdaq Continued Listing Requirement
Portfolio Pulse from Benzinga Newsdesk
Golden Sun Health Technology Group Limited (GSUN), a tutorial services provider in China, has regained compliance with Nasdaq's minimum bid price requirement. This was achieved after maintaining a closing bid price of $1.00 per share for ten consecutive trading sessions, following a 1 for 10 reverse stock-split on April 19, 2024.
May 07, 2024 | 12:02 pm
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Golden Sun Health Technology Group Limited has successfully regained compliance with Nasdaq's minimum bid price requirement, following a reverse stock-split.
Regaining compliance with Nasdaq's listing requirements is a positive development for GSUN, indicating improved stock stability and potentially increasing investor confidence. The successful reverse stock-split and subsequent maintenance of the minimum bid price are likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100