Starbox Group Holdings Ltd. Receives Staff Determination Notice from Nasdaq and Plans to Appeal
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Starbox Group Holdings Ltd. (Nasdaq: STBX) received a notice from Nasdaq for non-compliance with the minimum bid price requirement, leading to a potential suspension of its stock from trading. The company plans to appeal the decision.
March 11, 2025 | 8:15 pm
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Starbox Group Holdings Ltd. received a Nasdaq notice for non-compliance with the minimum bid price requirement, risking suspension from trading. The company plans to appeal.
The notice from Nasdaq indicates a serious compliance issue that could lead to suspension from trading, negatively impacting the stock price. The company's plan to appeal may mitigate some negative sentiment, but the immediate risk of delisting is significant.
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