ARB IOT Group Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
ARB IOT Group Limited (NASDAQ:ARBB) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share.

June 27, 2024 | 12:34 pm
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ARB IOT Group Limited has been notified by Nasdaq for not meeting the minimum bid price requirement of $1.00 per share, which could lead to potential delisting if not rectified.
The notification from Nasdaq indicates that ARBB is not in compliance with the minimum bid price requirement, which is a critical regulatory issue. This could lead to potential delisting if the company does not take corrective actions, likely causing negative sentiment and downward pressure on the stock price.
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