SciSparc Receives Notification From Nasdaq Regarding Minimum Bid Price Compliance
Portfolio Pulse from Benzinga Newsdesk
SciSparc Ltd. (NASDAQ:SPRC) has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has 180 days to regain compliance. The notice does not immediately affect the company's Nasdaq listing or trading of its shares.
July 16, 2024 | 3:57 pm
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SciSparc Ltd. has been notified by Nasdaq for not meeting the minimum bid price requirement of $1.00 per share. The company has 180 days to regain compliance, with no immediate effect on its Nasdaq listing or trading.
The notice from Nasdaq indicates that SciSparc is currently not meeting the minimum bid price requirement, which could lead to delisting if not rectified within 180 days. This is likely to create negative sentiment among investors, potentially leading to a short-term decline in the stock price.
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