Edgio Receives Notice From Nasdaq Stating That It Is Not In Compliance With Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Edgio has received a notice from Nasdaq indicating non-compliance with listing requirements. If Nasdaq accepts Edgio's compliance plan, the company has until September 30, 2024, to file its overdue reports.
August 28, 2024 | 9:33 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Edgio has been notified by Nasdaq for non-compliance with listing requirements due to delayed filings. The company has a potential extension until September 30, 2024, to submit its overdue reports if its compliance plan is accepted.
The notice from Nasdaq indicates a serious compliance issue for Edgio, which could negatively impact investor confidence and the stock price in the short term. However, the potential for an extension provides some relief, but uncertainty remains until the plan is accepted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100