Huize Holding Regains Nasdaq Compliance After Meeting Minimum Bid Requirement
Portfolio Pulse from Benzinga Newsdesk
Huize Holding Limited (NASDAQ:HUIZ) has regained compliance with Nasdaq's Minimum Bid Price Requirement after its stock price remained at or above $1.00 for 20 consecutive business days. The company had previously been notified of non-compliance in January 2024.
July 16, 2024 | 10:01 am
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Huize Holding Limited has regained compliance with Nasdaq's Minimum Bid Price Requirement, which should alleviate investor concerns about potential delisting.
Regaining compliance with Nasdaq's Minimum Bid Price Requirement removes the risk of delisting, which is a positive development for the stock. This should boost investor confidence and potentially lead to a short-term increase in the stock price.
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