Bright Green Corp. (BGXX) has released an update.
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Bright Green Corporation is on the clock to boost its share price above $1.00 to meet Nasdaq’s listing requirements after receiving a warning for falling short of the standard. The company now has until August 12, 2024, to comply, having been granted an additional 180 days. Failure to achieve this could lead to delisting, though the company could appeal. They’re considering a reverse stock split as a strategy to meet the minimum bid price requirement.
For further insights into BGXX stock, check out TipRanks’ Stock Analysis page.