This Health-Tech Stock Jumps 40% In Pre-Market A Day Ahead Of Nasdaq Delisting And Transition To OTC
Portfolio Pulse from Benzinga Neuro
Dynatronics Corporation (NASDAQ:DYNT) saw a 40% pre-market surge ahead of its delisting from Nasdaq and transition to the OTCQB Venture Market. The delisting is due to noncompliance with Nasdaq's minimum bid price requirement. The company will continue its operations and remain a reporting company under the Securities Exchange Act of 1934.
July 08, 2024 | 11:09 am
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Dynatronics Corporation (NASDAQ:DYNT) experienced a 40% pre-market surge ahead of its delisting from Nasdaq and transition to the OTCQB Venture Market. The delisting is due to noncompliance with Nasdaq's minimum bid price requirement. Despite the change, the company will continue its operations and remain a reporting company under the Securities Exchange Act of 1934.
The 40% pre-market surge indicates a positive short-term reaction from investors, possibly due to the transition to OTCQB being seen as a strategic move. However, the delisting from Nasdaq due to noncompliance with the minimum bid price requirement could have mixed implications, leading to a neutral short-term impact overall.
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