Connexa Regains Nasdaq Compliance
Portfolio Pulse from Benzinga Newsdesk
Connexa has regained compliance with Nasdaq's bid price requirement following a reverse stock split and 10 days of trading above $1. The Nasdaq delisting determination has been withdrawn.
July 22, 2024 | 12:37 pm
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Connexa has successfully regained compliance with Nasdaq's bid price requirement after a reverse stock split and 10 days of trading above $1. The delisting determination has been withdrawn.
The news indicates that Connexa has resolved its compliance issues with Nasdaq, which is a positive development for the company. This should boost investor confidence and likely lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100