As Of Oct 9, Phoenix Motor Is Not In Compliance With The Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor is not in compliance with the Nasdaq minimum bid price requirement as of October 9, according to an SEC filing.
October 10, 2024 | 8:25 pm
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Phoenix Motor is not meeting Nasdaq's minimum bid price requirement, which could lead to delisting if not rectified. This regulatory issue may negatively impact the stock price in the short term.
The non-compliance with Nasdaq's minimum bid price requirement is a significant regulatory issue that could lead to delisting if not addressed. This creates uncertainty and potential downward pressure on the stock price as investors may react negatively to the risk of delisting.
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