Nasadaq Notifies Hywin Holdings Regarding Non-Compliance With Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Hywin Holdings Ltd. (NASDAQ:HYW) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its ADSs have been below $1.00 for 30 consecutive trading days. The notice does not immediately affect the listing or trading of the company's ADSs.
May 30, 2024 | 9:13 am
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Hywin Holdings Ltd. has been notified by Nasdaq for not meeting the minimum bid price requirement, as its ADSs have been below $1.00 for 30 consecutive trading days. This notice does not immediately affect the listing or trading of the company's ADSs.
The notification from Nasdaq indicates a regulatory issue that could lead to delisting if not addressed. This is likely to create negative sentiment among investors, potentially leading to a short-term decline in the stock price.
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