Warrantee Inc. Announces Receipt of Nasdaq Delisting Determination and Plan to Appeal [Yahoo! Finance]
Warrantee Inc. (WRNT)
Company Research
Source: Yahoo! Finance
research technology company, today announced that the Company received a staff determination letter (the “Letter”), on April 15, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, due to the Company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement"), the Staff has determined (the “Determination”) that Company's securities will be scheduled for delisting from Nasdaq unless the Company requests an appeal of this determination to a Hearings Panel (the "Panel"). On October 13, 2023, the Company received a letter from Nasdaq (the "Notice"), notifying the Company that based upon the closing bid price of its securities for the last 30 consecutive business days preceding the Notice, the Company was not in compliance with the Minimum Bid Requirement. In accorda
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