On May 21, Enveric Biosciences Received Letter From Nasdaq Notifying Co That It Regained Compliance With Minimum Stockholders' Equity Requirement
Portfolio Pulse from Benzinga Newsdesk
Enveric Biosciences has received a letter from Nasdaq notifying the company that it has regained compliance with the minimum stockholders' equity requirement.
May 23, 2024 | 12:13 pm
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POSITIVE IMPACT
Enveric Biosciences has regained compliance with Nasdaq's minimum stockholders' equity requirement, which is a positive regulatory development for the company.
Regaining compliance with Nasdaq's minimum stockholders' equity requirement removes the risk of delisting, which is a positive development for the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100