PS International Group Received A Delinquency Notification Letter From The Listing Qualifications Department Of The Nasdaq Stock Market
Portfolio Pulse from Benzinga Newsdesk
PS International Group Ltd. (NASDAQ:PSIG) received a delinquency notification from Nasdaq for not meeting the minimum bid price requirement. The company's stock has been below $1.00 for 30 consecutive days, and it has until April 28, 2025, to regain compliance.
November 01, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
PS International Group Ltd. received a notification from Nasdaq for failing to meet the minimum bid price requirement of $1.00. The company has 180 days to regain compliance.
The notification indicates a risk of delisting if PSIG does not meet the minimum bid price requirement within 180 days. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100