Know Labs Receives NYSE American Noncompliance Notice For Not Meeting Listing Standards
Portfolio Pulse from Benzinga Newsdesk
Know Labs has received a noncompliance notice from NYSE American for not meeting listing standards. The company plans to increase its valuation to regain compliance. Shares will continue trading with a ".BC" designation, indicating below compliance status. There is no immediate impact on business operations or SEC reporting requirements.
October 02, 2024 | 8:31 pm
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Know Labs has been notified by NYSE American of noncompliance with listing standards. The company plans to increase its valuation to regain compliance. Shares will trade with a ".BC" designation, but there is no immediate impact on business operations or SEC reporting.
The noncompliance notice from NYSE American is a negative signal for investors, as it indicates the company is not meeting certain listing standards. This could lead to increased volatility and uncertainty in the short term. However, the company's plan to increase its valuation to regain compliance may mitigate some negative sentiment. The ".BC" designation on shares highlights the compliance issue, potentially affecting investor perception.
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