J-Long Group Receives Notification Regarding Non-Compliance With Nasdaq Requirements
Portfolio Pulse from Benzinga Newsdesk
J-Long Group Limited (NASDAQ:JL) has received a notification from Nasdaq regarding non-compliance with the minimum market value of publicly held shares requirement. The company has failed to meet the $5 million MVPHS threshold for 30 consecutive business days, risking its continued listing on the Nasdaq Global Market.

September 05, 2024 | 12:06 pm
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J-Long Group Limited has been notified by Nasdaq for not meeting the minimum market value of publicly held shares requirement, which could affect its listing status.
The notification from Nasdaq indicates that J-Long Group Limited is not meeting the required market value of publicly held shares, which is critical for maintaining its listing on the Nasdaq Global Market. This non-compliance could lead to delisting if not addressed, likely causing a negative impact on the stock price.
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