Color Star Technology Received Nasdaq Notification Letter Regarding Bid Price Deficiency
Portfolio Pulse from
Color Star Technology Co., Ltd. received a notification from Nasdaq regarding a bid price deficiency, as its share price has been below $1.00 for 30 consecutive business days, failing to meet Nasdaq's minimum bid price requirements.
November 20, 2024 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Color Star Technology has been notified by Nasdaq for not meeting the minimum bid price requirement, as its stock has been below $1.00 for 30 days.
The notification from Nasdaq indicates a regulatory issue that could lead to delisting if not addressed, which is negative for the stock price. The company's stock has been below the required $1.00 threshold for 30 days, highlighting potential financial instability or market perception issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100