Recon Technology Regains Nasdaq Compliance; The Compliance Letter Provided That The Company's Scheduled Hearing Had Been Determined To Be Moot And Had Been Cancelled
Portfolio Pulse from Benzinga Newsdesk
Recon Technology, Ltd. (NASDAQ:RCON) has regained compliance with Nasdaq listing standards, curing its bid price deficiency. The scheduled hearing has been cancelled, and the company's shares will continue to be listed and traded on The Nasdaq Capital Market.
May 23, 2024 | 2:02 pm
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Recon Technology has regained compliance with Nasdaq listing standards, curing its bid price deficiency. The scheduled hearing has been cancelled, and the company's shares will continue to be listed and traded on The Nasdaq Capital Market.
The news that Recon Technology has regained compliance with Nasdaq listing standards and cured its bid price deficiency is positive. It removes the risk of delisting, which can negatively impact investor confidence and stock price. The cancellation of the scheduled hearing further solidifies the company's stable position on the Nasdaq Capital Market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100