Alpine 4 Holdings Says Received Additional Staff Determination Letter From Nasdaq Stock Market; Also Receives Hearing Panel Letter
Portfolio Pulse from Benzinga Newsdesk
Alpine 4 Holdings has received an additional Staff Determination Letter from Nasdaq and a Hearing Panel Letter. The letter states that unless an extension is granted, trading in the company's shares will be suspended pending a hearing scheduled for July 2, 2024. The company is working to complete and file its Quarterly and Annual Reports with the SEC.
May 28, 2024 | 8:06 pm
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Alpine 4 Holdings received a Staff Determination Letter from Nasdaq, indicating potential suspension of trading unless an extension is granted before the July 2, 2024 hearing. The company is working to file its reports with the SEC.
The potential suspension of trading is a significant negative event for Alpine 4 Holdings. The company's efforts to file its reports with the SEC may mitigate some concerns, but the uncertainty around the extension and hearing date creates short-term downside risk.
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