Selina Receives Nasdaq Notice And Provides Update
Portfolio Pulse from Benzinga Newsdesk
Selina Hospitality PLC (SLNA) has received a notice from Nasdaq indicating that the company is not in compliance with the minimum bid price requirement. Selina has a 180-day period to regain compliance. The company is exploring options to address the issue and remains committed to its growth strategy.
May 23, 2024 | 8:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Selina Hospitality PLC (SLNA) has received a notice from Nasdaq for non-compliance with the minimum bid price requirement. The company has 180 days to regain compliance and is exploring options to address the issue.
Receiving a non-compliance notice from Nasdaq typically has a negative short-term impact on a company's stock price as it raises concerns about the company's financial health and market perception. However, the 180-day period to regain compliance provides some time for the company to address the issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100