regulatory
confidence high
sentiment positive
materiality 0.70
Workhorse regains Nasdaq minimum bid compliance after reverse split
Workhorse Group Inc.
- Nasdaq confirmed compliance with Listing Rule 5550(a)(2) on July 3, 2024.
- Needed closing bid of at least $1.00 for 10 consecutive trading days.
- Effected a 1-for-20 reverse stock split on June 17, 2024 to raise share price.
- Had been non-compliant since Sept 2023; received a 180-day extension in March 2024.