Ostin Technology Receives Additional 180 Day Extension By Nasdaq To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Ostin Technology Group Co., Ltd. (NASDAQ:OST) has received an additional 180-day extension from Nasdaq to regain compliance with the minimum $1.00 bid price requirement, extending the deadline to January 13, 2025.
July 24, 2024 | 12:01 pm
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Ostin Technology Group Co., Ltd. has been granted an additional 180-day period by Nasdaq to meet the minimum $1.00 bid price requirement, extending the deadline to January 13, 2025.
The extension provides Ostin Technology with more time to regain compliance, which is crucial for maintaining its Nasdaq listing. However, the immediate impact on the stock price is neutral as it does not resolve the underlying issue but merely extends the deadline.
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