HeartCore To Appeal Nasdaq Delisting Notice
Portfolio Pulse from Benzinga Newsdesk
HeartCore Enterprises, Inc. (NASDAQ:HTCR) received a Nasdaq delisting notice due to non-compliance with the $1.00 minimum bid price requirement. The company plans to appeal and present a strategic plan to regain compliance. Despite this, HeartCore reported strong preliminary Q3 2024 results with significant revenue and net income growth.
October 29, 2024 | 12:34 pm
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HeartCore Enterprises received a Nasdaq delisting notice for not meeting the $1.00 minimum bid price requirement. The company plans to appeal and has reported strong preliminary Q3 2024 results, indicating potential for recovery.
The delisting notice is a significant regulatory issue that could impact HTCR's stock price negatively. However, the company's intention to appeal and its strong Q3 results suggest potential for recovery, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100