Wrap Technologies Receives Nasdaq Notification Of Non-Compliance With Listing Rule 5250(c)(1)
Portfolio Pulse from Benzinga Newsdesk
Wrap Technologies has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1). This rule pertains to the timely filing of periodic financial reports. The company must submit a plan to regain compliance within a specified period to avoid delisting.
May 24, 2024 | 5:31 pm
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Wrap Technologies has been notified by Nasdaq for non-compliance with Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports. The company needs to submit a plan to regain compliance to avoid delisting.
Non-compliance with Nasdaq's listing rules can lead to delisting, which typically has a negative impact on stock prices. Investors may react negatively to the news, leading to a potential short-term decline in WRAP's stock price.
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