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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100