HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
HUB Security Ltd (NASDAQ:HUBC) received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its shares have closed below $1.00 for 30 consecutive business days. The company's shares will continue to trade on Nasdaq under the symbol HUBC.
July 22, 2024 | 8:00 pm
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HUB Security Ltd received a notification from Nasdaq for non-compliance with the minimum bid price requirement, as its shares have closed below $1.00 for 30 consecutive business days. The shares will continue to trade on Nasdaq.
The notification from Nasdaq indicates that HUB Security Ltd is at risk of being delisted if it does not meet the minimum bid price requirement. This could lead to negative sentiment among investors, potentially driving the stock price down in the short term.
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