23andMe Holding Granted Additional 180 Days, Or Until Nov 4 To Regain Compliance With Minimum Bid Price Requirement For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
23andMe Holding has been granted an additional 180 days, until November 4, to regain compliance with the minimum bid price requirement for continued listing, according to an SEC filing.
May 10, 2024 | 8:30 pm
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23andMe has been granted an extension until November 4 to meet the NASDAQ's minimum bid price requirement, providing them with additional time to regain compliance and avoid delisting.
The extension provides 23andMe with a significant opportunity to regain compliance with NASDAQ's listing requirements, potentially avoiding the negative consequences of delisting. This news could be viewed positively by investors as it shows regulatory flexibility and gives the company more time to improve its stock price.
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IMPORTANCE 90
RELEVANCE 100