On June 14, Nutex Health Got Notice From Nasdaq That Co Was Granted Exception Until July 22, 2024 To Effect Reverse Stock Split Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Nutex Health received a notice from Nasdaq granting an exception until July 22, 2024, to effect a reverse stock split of its common stock.
June 18, 2024 | 8:41 pm
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NEUTRAL IMPACT
Nutex Health has been granted an exception by Nasdaq until July 22, 2024, to effect a reverse stock split of its common stock. This regulatory update provides the company with additional time to comply with Nasdaq's listing requirements.
The notice from Nasdaq provides Nutex Health with additional time to comply with listing requirements, which is crucial for maintaining its Nasdaq listing. However, the impact on the stock price in the short term is neutral as it does not immediately change the company's financials or operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100