Luna Innovations Gets Nasdaq Staff Determination Letter Regarding Compliance With Nasdaq Listing Rule
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Luna Innovations received a Nasdaq Staff Determination Letter regarding non-compliance with a Nasdaq listing rule. The company must appeal by October 8, 2024, to avoid suspension and delisting of its stock from Nasdaq on October 10, 2024.
October 07, 2024 | 8:39 pm
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Luna Innovations has received a Nasdaq Staff Determination Letter for non-compliance with listing rules. The company must appeal by October 8, 2024, to prevent suspension and delisting from Nasdaq on October 10, 2024.
The receipt of a Nasdaq Staff Determination Letter indicates non-compliance with listing rules, which is a significant regulatory issue. If Luna Innovations does not appeal by the specified date, its stock will be suspended and delisted, likely leading to a negative impact on its stock price due to investor concerns.
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