KWESST Receives NASDAQ Minimum Bid Price Requirement Extension
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KWESST Micro Systems Inc. has received an extension from Nasdaq to meet the minimum bid price requirement of $1 per share by May 12, 2025. The company was initially notified of non-compliance on May 16, 2024.
November 14, 2024 | 12:15 am
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KWESST Micro Systems Inc. has been granted an additional 180 days by Nasdaq to comply with the $1 minimum bid price requirement, extending the deadline to May 12, 2025.
The extension provides KWESST more time to address its stock price issue, which is crucial for maintaining its Nasdaq listing. However, the immediate impact on stock price is neutral as the extension does not directly affect the company's operations or financials.
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