Chijet Motor Receives Two Nasdaq Deficiency Notices
Portfolio Pulse from Benzinga Newsdesk
Chijet Motor has received two deficiency notices from Nasdaq, indicating non-compliance with listing requirements. The company has 60 days to submit a plan to regain compliance.
August 27, 2024 | 12:36 pm
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NEGATIVE IMPACT
Chijet Motor has received two deficiency notices from Nasdaq for non-compliance with listing requirements. The company must submit a plan within 60 days to address these issues.
Receiving deficiency notices from Nasdaq is a significant regulatory issue that can negatively impact investor confidence and stock price. The requirement to submit a compliance plan within 60 days adds pressure on the company to resolve these issues promptly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100