SMX Announces Receipt of Nasdaq Listing Delinquency Notice
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SMX (Security Matters) PLC received a delinquency notice from Nasdaq for non-compliance with the minimum bid price rule, as its stock price was below $1.00 for 30 consecutive days. The company has 180 days to regain compliance.
December 18, 2024 | 3:00 pm
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SMX received a Nasdaq delinquency notice due to its stock price being below $1.00 for 30 days. The company has 180 days to regain compliance.
The receipt of a delinquency notice from Nasdaq is a negative indicator for SMX, as it highlights the company's failure to maintain the minimum bid price requirement. This could lead to potential delisting if compliance is not achieved within 180 days, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100