regulatory
confidence high
sentiment negative
materiality 0.65
Future FinTech gets 180-day extension to Feb 27, 2023 to meet Nasdaq $1 bid price
Future FinTech Group Inc.
- Received NASDAQ notice on Aug 30, 2022 granting additional 180 days until Feb 27, 2023 to regain compliance.
- Must show closing bid price of at least $1.00 for 10 consecutive business days before deadline.
- Company may effect a reverse stock split to cure the deficiency.
- Failure to comply by Feb 27, 2023 will result in delisting; can appeal to NASDAQ Hearings Panel.