Eightco's Request For Continued Listing Granted On The Nasdaq Capital Market, Continued Listing Is Subject To Meeting Certain Conditions By August 23, 2024; Seeking Shareholder Approval To Effect A Reverse Stock Split Of All Of The Outstanding Shares Of The Company's Common Stock At A Ratio Of 1-For-5
Portfolio Pulse from Benzinga Newsdesk
Eightco Holdings Inc. (NASDAQ:OCTO) has been granted continued listing on the Nasdaq Capital Market, subject to meeting certain conditions by August 23, 2024. The company is seeking shareholder approval for a 1-for-5 reverse stock split to meet the minimum bid price requirement.
July 01, 2024 | 12:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Eightco Holdings Inc. has been granted continued listing on the Nasdaq Capital Market, subject to meeting certain conditions by August 23, 2024. The company is seeking shareholder approval for a 1-for-5 reverse stock split to meet the minimum bid price requirement.
The continued listing on Nasdaq is positive news for Eightco Holdings Inc. as it avoids delisting. The reverse stock split is a strategic move to meet the minimum bid price requirement, which could stabilize or increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100