Why BioSig Technologies (BSGM) Shares Are Down Over 60%
Portfolio Pulse from Henry Khederian
BioSig Technologies (NASDAQ:BSGM) shares plummeted by 67% to $0.55 after the company announced it will be delisted from the Nasdaq Stock Market due to non-compliance with the minimum stockholders’ equity requirement. Trading will be suspended on Nasdaq starting June 12, and the stock will trade on the OTC Markets’ Pink Current Information tier under the symbol 'BSGM'. The company plans to appeal the decision.
June 11, 2024 | 5:52 pm
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BioSig Technologies shares fell 67% to $0.55 after announcing delisting from Nasdaq due to non-compliance with equity requirements. Trading will move to OTC Markets on June 12. The company plans to appeal the decision.
The delisting from Nasdaq is a significant negative event for BioSig Technologies, leading to a sharp decline in its stock price. The move to OTC Markets typically results in lower liquidity and investor confidence. The company's intention to appeal the decision adds uncertainty.
CONFIDENCE 100
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RELEVANCE 100