UTime Limited Regains Compliance With Nasdaq Minimum Closing Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
UTime Limited (NASDAQ:WTO) has regained compliance with Nasdaq's minimum closing bid price rule, ensuring its ordinary shares maintain a minimum bid price of $1.00 per share.
August 13, 2024 | 8:25 pm
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UTime Limited has regained compliance with Nasdaq's minimum closing bid price rule, which is a positive regulatory development for the company.
Regaining compliance with Nasdaq's minimum bid price rule is a positive development for UTime Limited as it ensures the company remains listed on the Nasdaq exchange, which can boost investor confidence and potentially lead to a short-term increase in stock price.
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RELEVANCE 100