Mountain Crest Acquisition Corp. V Receives Nasdaq Deficiency Notification
Portfolio Pulse from Benzinga Newsdesk
Mountain Crest Acquisition Corp. V has received a deficiency notification from Nasdaq due to non-compliance with listing rules. The company has 180 days to regain compliance.
September 18, 2024 | 8:31 pm
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Mountain Crest Acquisition Corp. V has been notified by Nasdaq for non-compliance with listing rules. The company has 180 days to address the issue and regain compliance.
The deficiency notification from Nasdaq indicates potential delisting risk, which can negatively impact investor confidence and stock price in the short term. The 180-day period provides a timeline for the company to address the issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100