VS Media Regains Compliance With Nasdaq Requirement
Portfolio Pulse from Benzinga Newsdesk
VS Media Holdings Limited (NASDAQ:VSME) has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by Nasdaq. The company's stock maintained a closing bid price of at least $1.00 for 10 consecutive business days, resolving the prior bid deficiency issue.
July 05, 2024 | 3:01 pm
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VS Media Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of at least $1.00 for 10 consecutive business days. This resolves the prior bid deficiency issue.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for VSME, as it removes the risk of delisting and may restore investor confidence. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100