Reported Earlier, Caravelle International Receives Nasdaq Notification On Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Caravelle International has received a notification from Nasdaq regarding a minimum bid price deficiency. This indicates that the company's stock price has fallen below the required minimum bid price for continued listing on the exchange.
August 07, 2024 | 5:56 am
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Caravelle International has been notified by Nasdaq about a minimum bid price deficiency, meaning its stock price has dropped below the required threshold for continued listing.
The notification from Nasdaq about a minimum bid price deficiency is a significant regulatory issue that could lead to delisting if not addressed. This news is likely to negatively impact investor sentiment and the stock price in the short term.
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