Globavend Holdings Receives Nasdaq Notice For Non-Compliance With $1.00 Minimum Bid Price Requirement, Has Until February 12, 2025, To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Globavend Holdings has received a notice from Nasdaq for non-compliance with the $1.00 minimum bid price requirement. The company has until February 12, 2025, to regain compliance, and its ordinary shares will continue trading on the Nasdaq Capital Market.
August 22, 2024 | 1:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Globavend Holdings has been notified by Nasdaq for not meeting the $1.00 minimum bid price requirement. The company has until February 12, 2025, to regain compliance, and its shares will continue trading on the Nasdaq Capital Market.
The notice from Nasdaq indicates a risk of delisting if Globavend Holdings does not meet the $1.00 minimum bid price requirement by the deadline. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100