ToughBuilt Industries Withdraws Appeal To Nasdaq; Trading Suspension Effective August 9, 2024 Due To Non-Compliance With Filing Requirements; Nasdaq To File Form 25 For Delisting
Portfolio Pulse from Benzinga Newsdesk
ToughBuilt Industries has withdrawn its appeal to Nasdaq regarding its non-compliance with filing requirements. As a result, trading of its stock will be suspended effective August 9, 2024, and Nasdaq will file Form 25 for delisting.
August 08, 2024 | 7:38 pm
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ToughBuilt Industries has withdrawn its appeal to Nasdaq regarding its non-compliance with filing requirements. Trading of its stock will be suspended effective August 9, 2024, and Nasdaq will file Form 25 for delisting.
The withdrawal of the appeal and the subsequent trading suspension and delisting are significant negative events for ToughBuilt Industries. This will likely lead to a sharp decline in the stock price as investors react to the news.
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