Gamer Pakistan Receives Notice From Nasdaq Denying Continued Listing; Trading Of Securities To Be Suspended On August 5, 2024 Due To Failure To Meet $1.00 Minimum Bid Price And Filing Requirements
Portfolio Pulse from Benzinga Newsdesk
Gamer Pakistan (GPAK) has received a notice from Nasdaq denying its continued listing due to failure to meet the $1.00 minimum bid price and filing requirements. Trading of GPAK securities will be suspended on August 5, 2024.
August 01, 2024 | 8:52 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Gamer Pakistan (GPAK) will be delisted from Nasdaq on August 5, 2024, due to not meeting the $1.00 minimum bid price and filing requirements.
The delisting notice from Nasdaq is a significant negative event for GPAK, as it indicates the company has not met critical listing requirements. This will likely lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100