ABVC Biopharma Got Written Notification From Nasdaq, Indicating Co Regained Compliance With Listing Rules 5635(a)(1) And 5635(a)(2)
Portfolio Pulse from Benzinga Newsdesk
ABVC Biopharma has received a notification from Nasdaq confirming that the company has regained compliance with listing rules 5635(a)(1) and 5635(a)(2), as per an SEC filing.
September 10, 2024 | 8:15 pm
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POSITIVE IMPACT
ABVC Biopharma has successfully regained compliance with Nasdaq's listing rules 5635(a)(1) and 5635(a)(2), which is a positive regulatory development for the company.
Regaining compliance with Nasdaq listing rules is crucial for ABVC Biopharma as it ensures continued listing on the exchange, which is important for investor confidence and access to capital markets. This development is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100