On June 11, Volcon Got A Notice From Nasdaq Staff That Co No Longer Meets Minimum 500,000 Publicly Held Shares Requirement For Nasdaq; Indicates That This Matter Serves As An Additional Basis For Delisting Securities
Portfolio Pulse from Benzinga Newsdesk
Volcon received a notice from Nasdaq staff on June 11 indicating that the company no longer meets the minimum requirement of 500,000 publicly held shares for Nasdaq listing. This serves as an additional basis for the potential delisting of its securities.
June 14, 2024 | 8:43 pm
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Volcon has been notified by Nasdaq that it no longer meets the minimum requirement of 500,000 publicly held shares, which could lead to the delisting of its securities.
The notice from Nasdaq indicates a significant regulatory issue that could lead to the delisting of Volcon's securities. This is likely to negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100