XIAO-I Receives Nasdaq Non-Compliance Notification For Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
XIAO-I has received a non-compliance notification from Nasdaq for failing to meet the minimum bid price requirement, as per an SEC filing.
July 15, 2024 | 2:10 pm
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XIAO-I has been notified by Nasdaq for non-compliance with the minimum bid price requirement, which could lead to potential delisting if not rectified.
The non-compliance notification from Nasdaq indicates that XIAO-I's stock price has fallen below the required minimum bid price. This could lead to a potential delisting if the issue is not resolved, likely causing negative sentiment and downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100