YY Group Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
YY Group Holding Limited (NASDAQ:YYGH) has received a deficiency letter from Nasdaq, indicating non-compliance with the minimum bid price requirement for continued listing. The company must address this issue to maintain its Nasdaq listing.
August 05, 2024 | 9:00 pm
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YY Group Holding Limited has received a deficiency letter from Nasdaq for not meeting the minimum bid price requirement. This could lead to potential delisting if not addressed.
The receipt of a deficiency letter from Nasdaq indicates that YYGH is not meeting the minimum bid price requirement, which is a critical factor for continued listing. This news is likely to negatively impact the stock price in the short term as investors may fear potential delisting.
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