CONX (CONX) has released an update.
CONX Corp. is at risk of being delisted from The Nasdaq Capital Market after failing to meet the required minimum market value of listed securities of $35 million. Despite a 180-day grace period to rectify the situation, the company remained noncompliant. They now face a review by the Nasdaq Hearings Panel and plan to submit their defense by February 21, 2024. Nonetheless, trading of CONX’s Class A common stock continues on The Nasdaq under the ticker “CONX” until the Panel’s final decision.
For further insights into CONX stock, check out TipRanks’ Stock Analysis page.
