MDJM LTD Received Nasdaq Notification Letter Regarding Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
MDJM LTD has received a notification from Nasdaq regarding its non-compliance with the minimum bid price requirement, as its share price has fallen below $1.00 for 30 consecutive business days.
October 25, 2024 | 8:08 pm
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NEGATIVE IMPACT
MDJM LTD has been notified by Nasdaq for not meeting the minimum bid price requirement of $1.00 per share, risking delisting if not corrected.
The notification from Nasdaq indicates a risk of delisting if MDJM LTD does not address the bid price deficiency. This could lead to negative investor sentiment and potential selling pressure, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100