SRIVARU Holding Receives Additional Nasdaq Delisting Notification And Submits Request For Hearing To Appeal
Portfolio Pulse from Benzinga Newsdesk
SRIVARU Holding Limited (NASDAQ:SVMH, SVMHW) received an additional Nasdaq delisting notification due to non-compliance with market value requirements. The company has submitted a request for a hearing to appeal the decision.
July 31, 2024 | 8:56 pm
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SRIVARU Holding Limited received an additional Nasdaq delisting notification due to non-compliance with market value requirements. The company has requested a hearing to appeal the decision.
The additional delisting notification indicates ongoing compliance issues, which could negatively impact investor confidence and the stock price in the short term. The appeal process adds uncertainty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100