Farmmi shares are trading higher after the company was granted 180 days by NASDAQ for compliance with the minimum bid price requirement.
Portfolio Pulse from Benzinga Newsdesk
Farmmi shares rose as NASDAQ granted the company a 180-day extension to comply with the minimum bid price requirement.
October 23, 2024 | 1:32 pm
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POSITIVE IMPACT
Farmmi's stock price increased following NASDAQ's decision to grant a 180-day extension for compliance with the minimum bid price requirement.
The extension provides Farmmi with additional time to meet NASDAQ's listing requirements, reducing immediate delisting risk and boosting investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100