Minim Receives Notification From Nasdaq Listing Qualifications Department
Portfolio Pulse from Benzinga Newsdesk
Minim has received a notification from the Nasdaq Listing Qualifications Department regarding non-compliance with the Stockholders' Equity Requirement. The company plans to regain compliance through a direct equity investment or business combination before the hearing with the Panel, but success is not guaranteed.
July 02, 2024 | 8:49 pm
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Minim has been notified by Nasdaq for non-compliance with the Stockholders' Equity Requirement. The company aims to regain compliance through equity investment or business combination before the hearing, but there is no assurance of success.
The notification from Nasdaq indicates a regulatory issue that could negatively impact investor confidence. Although Minim plans to address the issue, the uncertainty around the success of these plans adds risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100