regulatory
confidence high
sentiment neutral
materiality 0.50
Latch regains Nasdaq minimum bid price compliance; delinquent reports still pending
Latch, Inc.
- Received Nasdaq notice on June 15, 2023 confirming compliance with minimum bid price rule; met $1.00 closing bid for 10 consecutive days on June 14.
- Nasdaq closed the matter, but Latch cautions it may not maintain compliance in the future.
- Notice unrelated to prior Nasdaq notices for delinquent quarterly and annual reports; Latch intends to file delinquent filings by August 4, 2023.