Wearable Devices Regains Compliance With Nasdaq Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. has regained compliance with Nasdaq's minimum bid price rule, ensuring its continued listing on the exchange.
October 28, 2024 | 12:40 pm
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Wearable Devices Ltd. has regained compliance with Nasdaq's minimum bid price rule, which requires a minimum bid price of $1.00 per share. This compliance ensures the company's continued listing on the Nasdaq exchange.
The company's compliance with Nasdaq's minimum bid price rule is crucial for maintaining its listing status. This positive development may boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100