Alpine 4 Holdings Has Been In Communication With The Nasdaq And Intends To Appeal The Staff Determination Before A Nasdaq Hearing Panel And Seek A Further Stay Of Any Suspension Or Delisting Action
Portfolio Pulse from Benzinga Newsdesk
Alpine 4 Holdings, Inc. (NASDAQ: ALPP) has received a Staff Delisting Determination letter from Nasdaq due to non-compliance with Nasdaq Listing Rule 5250(c)(1). The company intends to appeal the decision and seek a stay of any suspension or delisting action.
May 17, 2024 | 8:05 pm
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Alpine 4 Holdings received a delisting notice from Nasdaq due to non-compliance with listing rules. The company plans to appeal the decision.
The delisting notice from Nasdaq is a significant regulatory issue that could negatively impact investor confidence and the stock price of ALPP in the short term. The company's intention to appeal may mitigate some of the immediate negative effects, but uncertainty remains.
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