WhiteHorse Finance (WHF) has disclosed a new risk, in the Share Price & Shareholder Rights category.
WhiteHorse Finance faces a significant business risk after receiving notification of noncompliance with Nasdaq’s independent director requirement, due to the unfortunate passing of Mr. Kevin F. Burke. The company has until its next annual shareholders’ meeting or January 16, 2025, to regain compliance, with the potential of delisting if compliance is not achieved. Delisting could lead to severe adverse effects including decreased stock liquidity, limited financing options, and a loss of investor confidence. This situation may also negatively impact the market perception and capital raising ability of WhiteHorse Finance, even if delisting is ultimately avoided.
Overall, Wall Street has a Moderate Sell consensus rating on WHF stock based on 1 Sell and 1 Hold.
To learn more about WhiteHorse Finance’s risk factors, click here.
