Taoping Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Taoping Inc. (NASDAQ: TAOP) received a notification from Nasdaq on June 21, 2024, regarding non-compliance with the minimum bid price requirement of $1.00 per share.
June 24, 2024 | 12:10 pm
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Taoping Inc. received a notification from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share. This could lead to potential delisting if the issue is not resolved.
The notification from Nasdaq indicates that Taoping Inc. is at risk of delisting if it does not meet the minimum bid price requirement. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100