U-BX Technology Receives Receipt Of Notification Letter From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
U-BX Technology Ltd. (NASDAQ:UBXG) received notification from Nasdaq for not meeting the minimum bid price and market value requirements for continued listing. The company has 180 days to regain compliance.
October 25, 2024 | 8:31 pm
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U-BX Technology Ltd. has been notified by Nasdaq for failing to meet the minimum bid price and market value requirements for continued listing. The company has 180 days to regain compliance.
The notification from Nasdaq indicates potential delisting risk, which typically exerts downward pressure on stock prices as investors may perceive increased risk. The company has a limited timeframe to address these issues, adding urgency to the situation.
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