Gogoro Receives A Written Notification From Nasdaq Regarding Minimum Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Gogoro Inc. has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement, as its shares have been trading below $1.00 for 30 consecutive days. This notification does not currently affect the listing or trading of Gogoro's shares.
November 01, 2024 | 8:18 pm
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Gogoro Inc. has been notified by Nasdaq for not meeting the minimum bid price requirement, as its shares have been below $1.00 for 30 days. This does not currently affect its Nasdaq listing.
The notification from Nasdaq indicates a regulatory issue that could lead to delisting if not addressed, which is negative for the stock price. However, there is no immediate impact on the listing, providing some time for the company to rectify the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100