Jayud Global Logistics Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Jayud Global Logistics Limited (NASDAQ:JYD) received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price has been below $1.00 for 30 consecutive business days. The company has until December 3, 2024, to regain compliance.
June 07, 2024 | 8:16 pm
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Jayud Global Logistics Limited received a notification from Nasdaq for not meeting the minimum bid price requirement, as its share price has been below $1.00 for 30 consecutive business days. The company has until December 3, 2024, to regain compliance.
The notification from Nasdaq indicates that Jayud Global Logistics is at risk of being delisted if it does not meet the minimum bid price requirement within 180 days. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100