MultiMetaVerse Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price And Minimum Market Value Of Listed Securities
Portfolio Pulse from Benzinga Newsdesk
MultiMetaVerse Holdings Limited has received a notification from Nasdaq for non-compliance with the minimum bid price and market value requirements. The company plans to request a hearing to address these issues, failing which its shares may be delisted.
October 18, 2024 | 8:36 pm
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MultiMetaVerse Holdings Limited is at risk of being delisted from Nasdaq due to non-compliance with minimum bid price and market value requirements. The company intends to request a hearing to address these issues.
The notification from Nasdaq indicates that MMV is not meeting critical listing requirements, which is a negative signal for investors. The potential delisting could lead to decreased liquidity and investor confidence, likely impacting the stock price negatively in the short term.
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