Scienjoy Receives Nasdaq Non-Compliance Notification For Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Scienjoy has received a non-compliance notification from Nasdaq for failing to meet the minimum bid price requirement, as its closing bid price has been below $1.00 for 30 consecutive business days.
August 06, 2024 | 9:16 pm
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Scienjoy has been notified by Nasdaq for non-compliance with the minimum bid price requirement, as its stock has closed below $1.00 for 30 consecutive business days.
The non-compliance notification from Nasdaq is a significant regulatory issue that could lead to delisting if not addressed. This is likely to negatively impact investor sentiment and the stock price in the short term.
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