other material
confidence high
sentiment negative
materiality 0.85
AgriForce receives Nasdaq delisting determination; bid price <$0.10 for 10 days
AVAX ONE TECHNOLOGY LTD.
- Common shares closed at or below $0.10 from June 6-21, 2024, triggering the Low Priced Stocks Rule.
- Nasdaq Staff issued a delisting determination; company to request a hearing by July 1, 2024.
- Hearing automatically stays suspension; Panel may grant extension to Dec 23, 2024.
- Compliance with bid-price rule had until July 8, 2024, but low price triggered immediate review.
- No assurance of regaining compliance or continued listing on Nasdaq.