ECD Automotive Design Receives Nasdaq Delisting Notification
Portfolio Pulse from Benzinga Newsdesk
ECD Automotive Design, Inc. (NASDAQ:ECDA) has received a delisting notice from Nasdaq due to non-compliance with the $50,000,000 market value of listed securities requirement. The company has until August 12, 2024, to regain compliance.
August 16, 2024 | 8:47 pm
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ECD Automotive Design has received a delisting notice from Nasdaq for failing to meet the $50M market value requirement. The company has until August 12, 2024, to regain compliance.
The delisting notice indicates significant regulatory and financial challenges for ECD Automotive Design. This news is likely to negatively impact investor sentiment and the stock price in the short term.
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