Able View Received Receipt Of Notification Regarding Minimum Bid Price Deficiency From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Able View Global Inc. (NASDAQ:ABLV) received a notification from Nasdaq about non-compliance with the minimum bid price requirement, as its stock price was below $1.00 for 30 consecutive trading days. This notification does not immediately affect its Nasdaq listing.
November 01, 2024 | 8:19 pm
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Able View Global Inc. has been notified by Nasdaq for not complying with the minimum bid price requirement, as its stock price was below $1.00 for 30 consecutive days. This could lead to potential delisting if not rectified.
The notification from Nasdaq indicates a regulatory issue that could lead to delisting if the company does not address the minimum bid price deficiency. This is a negative signal for investors, as it reflects potential instability or lack of confidence in the stock, which could lead to a decrease in stock price.
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