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WRNT

Warrantee Inc. American Depositary Shares

Industry

Software - Application

Warrantee Inc. operates as a marketing and market research technology company the helps corporate sponsors through targeted marketing campaigns. The company offers marketing services for customers who participate in campaigns with extended warranty coverage on durables or various healthcare benefits. It serves the manufacturers and distributors of home appliances, healthcare equipment, and health food distributors in Japan. The company was incorporated in 2013 and is based in Osaka, Japan.

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Warrantee Inc (NASDAQ:WRNT) shares plummeted 29% to $0.30 after receiving a Nasdaq delisting determination due to failure to meet the minimum bid price requirement. The company, notified of non-compliance on October 13, 2023, has until April 10, 2024, to address the issue and is considering a reverse stock split among other options.

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April 22, 2024 | 6:46 pm

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April 22, 2024 | 4:07 pm

Warrantee's stock price has declined following the announcement of a Nasdaq delisting determination. The company plans to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:29 pm

Warrantee Inc. (NASDAQ:WRNT), a Japanese marketing and market research technology company, has received a Nasdaq delisting determination due to non-compliance with the minimum bid price requirement and failure to file required financial documents. The company plans to appeal the decision, which will stay the suspension of its securities pending the appeal's outcome. Warrantee is exploring options, including a reverse stock split, to regain compliance.

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