ZK International Announces Full Compliance With Nasdaq Periodic Filing Requirements Following Timely Filing Of Annual Report; Granted Additional 180 Days To Regain $1 Minimum Bid Price Compliance, With Potential Use Of Reverse Stock Split If Necessary
Portfolio Pulse from Benzinga Newsdesk
ZK International has announced full compliance with Nasdaq's periodic filing requirements after timely filing its annual report. The company has been granted an additional 180 days to regain compliance with the $1 minimum bid price requirement, with the potential use of a reverse stock split if necessary.
August 15, 2024 | 3:38 pm
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ZK International has achieved full compliance with Nasdaq's periodic filing requirements and has been granted an additional 180 days to regain compliance with the $1 minimum bid price requirement. The company may use a reverse stock split if necessary.
The news indicates that ZK International is taking steps to maintain its Nasdaq listing by complying with filing requirements and addressing the minimum bid price issue. The additional 180 days and potential reverse stock split provide a clear path to compliance, which is positive for investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100