Collective Audience Common Stock Will Be Suspended From Trading On The Nasdaq Global Market Effective Upon The Open Of Trading On Friday, August 16, 2024 Following A Nasdaq Hearings Panel Determination To Delist The Company's Shares
Portfolio Pulse from Benzinga Newsdesk
Collective Audience, Inc. (NASDAQ:CAUD) will be suspended from trading on the Nasdaq Global Market effective August 16, 2024, following a Nasdaq Hearings Panel decision to delist the company's shares. The company plans to trade temporarily on the OTC Markets' Pink Open Market and is considering an appeal.
August 15, 2024 | 5:04 pm
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Collective Audience, Inc. (NASDAQ:CAUD) will be suspended from trading on the Nasdaq Global Market effective August 16, 2024, following a delisting decision. The company plans to trade temporarily on the OTC Markets' Pink Open Market and is considering an appeal.
The delisting from Nasdaq is a significant negative event for CAUD, likely leading to a decrease in stock price due to reduced liquidity and investor confidence. The temporary move to OTC Markets' Pink Open Market may not fully mitigate these impacts.
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