Prestige Wealth Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Prestige Wealth Inc. (NASDAQ:PWM) has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement of $1 per share for the last 33 consecutive business days.
July 26, 2024 | 8:32 pm
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Prestige Wealth Inc. has received a notification from Nasdaq for not meeting the minimum bid price requirement of $1 per share for 33 consecutive business days. This could lead to potential delisting if the issue is not resolved.
The notification from Nasdaq indicates that PWM has not met the minimum bid price requirement, which is a critical listing standard. This could lead to potential delisting if the company does not take corrective actions, likely causing a negative impact on the stock price in the short term.
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