Snail, Inc Received Nasdaq Deficiency Letter Due To Min. Bid Price Rule
Portfolio Pulse from Bill Haddad
Snail, Inc. received a deficiency letter from Nasdaq due to non-compliance with the minimum bid price rule.
June 28, 2024 | 8:28 pm
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Snail, Inc. received a deficiency letter from Nasdaq for failing to comply with the minimum bid price rule, which could lead to potential delisting if not rectified.
Receiving a deficiency letter from Nasdaq indicates that Snail, Inc. is at risk of being delisted if it does not meet the minimum bid price requirement. This news is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100