regulatory
confidence high
sentiment negative
materiality 0.85
Singularity Future Technology Ltd. (SGLY): Nasdaq/NYSE listing notice — Singularity Future Technology receives Nasdaq delisting notice over bid price failure; will appeal
Singularity Future Technology Ltd.
- Received Staff determination letter on Jan 3, 2024 for failure to comply with Nasdaq $1 bid price rule (Listing Rule 5550(a)(2)).
- Trading suspension scheduled for Jan 12, 2024 unless an appeal is requested.
- Company intends to appeal the determination to a Hearings Panel, which will stay delisting pending decision.