regulatory
confidence high
sentiment negative
materiality 0.60
Nature's Miracle receives Nasdaq deficiency notice for minimum bid price
Nature's Miracle Holding Inc.
- Deficiency letter received May 23, 2024 for failing to maintain $1.00 closing bid for 30 consecutive business days.
- Company has 180 calendar days, until November 20, 2024, to regain compliance.
- Compliance can be achieved if closing bid reaches $1.00 for 10 consecutive business days before deadline.
- If not cured, Company may transfer to Nasdaq Capital Market for an additional 180-day compliance period.
- No immediate effect on listing; Company intends to monitor and evaluate options to cure.