Nutex Health Regains Nasdaq Compliance Following Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Nutex Health Inc. (NASDAQ:NUTX) has regained compliance with Nasdaq's minimum bid price requirement following a 1:10 reverse stock split. The company's stock traded above $1.00 per share from July 3, 2024, to July 23, 2024, resolving the prior bid price deficiency.
July 29, 2024 | 9:31 am
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Nutex Health has regained compliance with Nasdaq's minimum bid price requirement after a 1:10 reverse stock split. The stock traded above $1.00 per share from July 3 to July 23, 2024, resolving the prior bid price deficiency.
The news indicates that Nutex Health has resolved its compliance issue with Nasdaq, which is a positive development for the company. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100