Crown LNG shares are trading lower after the company announced it received a Nasdaq notification regarding Nasdaq listing rule 5550(a)(2) for failing to meet its minimum bid requirements.
Portfolio Pulse from Benzinga Newsdesk
Crown LNG's shares have declined following a notification from Nasdaq about non-compliance with listing rule 5550(a)(2) due to not meeting minimum bid requirements.
September 18, 2024 | 3:11 pm
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NEGATIVE IMPACT
Crown LNG's shares are under pressure after receiving a Nasdaq notification for failing to meet the minimum bid price requirement, which could lead to delisting if not rectified.
The notification from Nasdaq indicates a regulatory issue that could lead to delisting if not resolved, negatively impacting investor sentiment and causing a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100