Premium Catering (Holdings) Limited Receives Nasdaq Deficiency Notice Regarding the Minimum Market Value of Listed Securities Requirement and a Nasdaq Deficiency Notice Regarding Minimum Bid Price
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Premium Catering (Holdings) Limited received a Nasdaq deficiency notice for not meeting the minimum market value of listed securities and minimum bid price requirements. The company has until June 9, 2025, to comply.
December 16, 2024 | 2:30 pm
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Premium Catering received a Nasdaq deficiency notice for not meeting the minimum market value and bid price requirements. They have 180 days to comply, which could impact their stock price.
The deficiency notice indicates potential delisting risk if compliance is not met, which could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nasdaq issued a deficiency notice to Premium Catering for non-compliance with listing requirements, highlighting its role in maintaining market standards.
Nasdaq's role in enforcing compliance is routine and does not directly impact its stock price, but it underscores its regulatory function.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20