Reborn Coffee To Appeal Nasdaq Delisting Notice
Portfolio Pulse from Benzinga Newsdesk
Reborn Coffee has announced its intention to appeal a delisting notice from Nasdaq. The company received the notice due to non-compliance with Nasdaq's minimum bid price requirement. Reborn Coffee plans to regain compliance and maintain its listing on the exchange.
June 26, 2024 | 8:31 pm
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Reborn Coffee received a delisting notice from Nasdaq for not meeting the minimum bid price requirement. The company plans to appeal and regain compliance to maintain its listing.
The delisting notice indicates a significant regulatory challenge for Reborn Coffee, which could negatively impact investor sentiment and the stock price in the short term. However, the company's plan to appeal and regain compliance may mitigate some of the negative impact.
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