Jiuzi Holdings Reveals Receipt Of Nasdaq Notification Letters
Portfolio Pulse from Benzinga Newsdesk
Jiuzi Holdings has received notification letters from Nasdaq regarding its non-compliance with the minimum bid price requirement. The company has until November 12, 2024, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.
May 22, 2024 | 9:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jiuzi Holdings has received a notification from Nasdaq about its non-compliance with the minimum bid price requirement. The company has until November 12, 2024, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.
The notification from Nasdaq indicates that Jiuzi Holdings is currently non-compliant with the minimum bid price requirement. This could lead to negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100