UTime Limited Received Nasdaq Notification Letter Regarding Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
UTime Limited (NASDAQ:WTO) received a notification from Nasdaq regarding a bid price deficiency, as its share price has been below $1.00 for 30 consecutive business days. The company has until April 8, 2025, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.
October 17, 2024 | 8:09 pm
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UTime Limited has been notified by Nasdaq for not meeting the minimum bid price requirement, as its stock has been below $1 for 30 days. The company has until April 8, 2025, to correct this.
The notification from Nasdaq indicates a risk of delisting if UTime Limited does not meet the minimum bid price requirement. This could negatively impact investor confidence and the stock price in the short term.
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