J-Long Group Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
J-Long Group Limited (NASDAQ:JL) has received a deficiency notice from Nasdaq for not meeting the $1.00 minimum bid price requirement. The company has until November 11, 2024, to regain compliance by having its closing bid price meet or exceed $1.00 for at least ten consecutive business days.
May 16, 2024 | 11:26 am
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J-Long Group Limited has received a deficiency notice from Nasdaq for not meeting the $1.00 minimum bid price requirement. The company has 180 days to regain compliance.
Receiving a deficiency notice from Nasdaq is a negative signal for investors, as it indicates the stock is at risk of being delisted if it does not meet the minimum bid price requirement. This could lead to short-term selling pressure on the stock.
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