ECD Automotive Design Regains Compliance With Nasdaq; Receives Approval To List Its Shares Of Common Stock For Trading On Nasdaq Capital Market Effective September 13, 2024
Portfolio Pulse from Benzinga Newsdesk
ECD Automotive Design has regained compliance with Nasdaq and will list its shares on the Nasdaq Capital Market starting September 13, 2024. The company transferred its listing to meet the $35 million MVLS requirement.
September 16, 2024 | 11:37 am
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ECD Automotive Design has successfully regained compliance with Nasdaq by transferring its listing to the Nasdaq Capital Market, which has a lower MVLS requirement. This move allows the company to continue trading its shares on a recognized exchange.
The transfer to the Nasdaq Capital Market ensures that ECD Automotive Design remains listed on a major exchange, which is positive for investor confidence and stock liquidity. The compliance with Nasdaq's requirements is a crucial step for the company's market presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100