regulatory
confidence high
sentiment negative
materiality 0.60
Boxlight gets Nasdaq extension to Feb 2025 to meet $1 bid price rule
Boxlight Corp
- Nasdaq granted additional 180 days until February 24, 2025 to cure bid price deficiency.
- Company failed to meet minimum $1 closing bid by initial deadline of August 26, 2024.
- Extension based on meeting other listing criteria and intent to do reverse stock split if needed.
- If not compliant by Feb 24, 2025, shares may be delisted; company can appeal.
- No assurance that Boxlight will ultimately regain compliance.