Luokung Announces Receipt Of Nasdaq Notices Regarding Periodic Filing Compliance And Stockholders' Equity Deficiency
Portfolio Pulse from Benzinga Newsdesk
Luokung Technology Corp. (NASDAQ:LKCO) has received two notices from Nasdaq. The first confirms compliance with periodic filing requirements, while the second highlights a deficiency in stockholders' equity, risking its Nasdaq listing.
October 25, 2024 | 8:12 pm
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Luokung Technology has resolved its compliance with Nasdaq's periodic filing requirements but faces a significant stockholders' equity deficiency, risking its continued listing on Nasdaq.
The resolution of the filing compliance issue is positive, but the significant stockholders' equity deficiency poses a risk to Luokung's Nasdaq listing. This could lead to negative investor sentiment and potential stock price decline.
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