On Oct 2, Digital Brands Group Got Notice Of Delisting Of Failure To Satisfy A Continued Listing Rule Or Standard From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Digital Brands Group received a notice from Nasdaq regarding its failure to meet a continued listing rule or standard, which could lead to delisting from the exchange.
October 04, 2024 | 8:35 pm
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Digital Brands Group has been notified by Nasdaq about a potential delisting due to non-compliance with listing standards. This could negatively impact the stock price.
The notice from Nasdaq indicates a serious compliance issue that could lead to delisting, which typically results in a negative market reaction as it affects the stock's liquidity and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100