Astra Space Cures Deficiency Notice From Nasdaq Due To Late 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Astra Space, Inc. received a deficiency notice from Nasdaq for not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company is also not in compliance with Nasdaq's Minimum Bid Price Requirement and Minimum Stockholders' Equity Requirement.
May 31, 2024 | 1:04 pm
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Astra Space, Inc. received a deficiency notice from Nasdaq for not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company is also not in compliance with Nasdaq's Minimum Bid Price Requirement and Minimum Stockholders' Equity Requirement.
The deficiency notice from Nasdaq and non-compliance with key listing requirements are negative indicators for Astra Space, Inc. This could lead to short-term downward pressure on the stock price as investors react to the regulatory issues and potential risks of delisting.
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IMPORTANCE 80
RELEVANCE 100