Newegg Commerce announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Capital Market notifying the company that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). The Notification Letter confirmed that the company evidenced a closing bid price at or greater than the $1.00 per ordinary share minimum requirement for the last 10 consecutive business days from November 28, 2023 to December 11, 2023 and that the company has regained compliance with the Nasdaq Minimum Bid Price Requirement. As a result, the listing matter has been closed.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NEGG:
- Unusually active option classes on open November 15th
- Newegg Commerce board approves $10M share repurchase program
- Newegg Commerce receives non-compliance notification from Nasdaq
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue