Latest news with #ListingQualificationsDepartment
Business Insider
6 days ago
- Business
- Business Insider
Why Is VSee Health Stock Down 55% Today?
VSee Health (VSEE) stock plummeted on Monday after the telehealth company received a notice from The Nasdaq Stock Market LLC's (NDAQ) Listing Qualifications Department. The company is not in compliance with Nasdaq listing rules, including failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. It has also failed to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The Listing Qualifications Department has denied VSee Health's request for continued listing. While the company intends to appeal this decision, it expects shares to be delisted from the exchange when markets open on Thursday. When this happens, the company intends for its shares to be listed on OTC Markets (OTCM). VSee Health stock was down 53.79% in pre-market trading on Monday, following a 3.65% dip on Friday. This extended the company's 2.94% drop year-to-date and 38.6% fall over the past 12 months. Is VSee Health Stock a Buy, Sell, or Hold? Turning to Wall Street, analyst coverage of VSee Health is lacking. Luckily, TipRanks' AI analyst Spark has it covered. Spark rates VSEE stock a Neutral (46) with no price target. It cites 'strong revenue growth and recent strategic contracts' as reasons for this stance.
Business Insider
21-06-2025
- Business
- Business Insider
CDT Environmental receives noncompliance letter from Nasdaq
CDT Environmental (CDTG) announced that it received a notification letter, dated June 18 from the Listing Qualifications Department of Nasdaq indicating that the company is no longer in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) as the company's closing bid price per ordinary share, par value $0.0025 per share, was below $1.00 for a period of 30 consecutive business days. The notification letter does not result in the immediate delisting of the company's securities. Confident Investing Starts Here:
Business Insider
12-06-2025
- Business
- Business Insider
Graphjet Technology Stock (GTI) Dives 35% as Delisting Looms
Graphjet Technology (GTI) stock dropped on Wednesday after the graphene and graphite raw materials company revealed a delisting warning from the Listing Qualifications Department of the Nasdaq. The exchange has determined that the company didn't provide a clear plan to fix compliance issues. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Graphjet Technology has failed to file its annual and quarterly reports for the periods ended Sept. 30, 2024, and Dec. 31, 2024. The Nasdaq's Listing Qualifications Department has determined it will suspend the company's shares when markets open on June 13 and will delist them from the exchange. Graphjet Technology has the right to request an appeal of this decision and intends to do so. This could extend the time it has before a possible delisting, but there's no guarantee that this will be the case. GTI Stock Movement Today down 35.33% in pre-market trading, extending a 90.35% drop year-to-date and a 98.5% fall over the past 12 months.
Business Insider
07-06-2025
- Business
- Business Insider
Captivision receives staff determination letter from Nasdaq
Captivision (CAPT) announced that on June 4, 2025, it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it had not regained compliance with the Market Value of Listed Securities Requirement by June 2, 2025. The Determination Letter has no immediate effect and will not immediately result in the suspension of trading or delisting of the company's securities. Additionally, on May 22, 2025, Staff notified the company that since it had not yet filed its Form 20-F for the period ended December 31, 2024, it no longer complied with Nasdaq Listing Rule 5250(c)(1). However, pursuant to Listing Rule 5810(c)(2), this deficiency serves as a separate and additional basis for delisting, and the company should also address this concern before a Hearings Panel if it appeals Staff's determination. Confident Investing Starts Here:
Business Insider
31-05-2025
- Business
- Business Insider
Wetouch receives Nasdaq non-compliance notification
Wetouch (WETH) Technology announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, dated May 27, 2025, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires timely filing of periodic reports with the U.S. Securities and Exchange Commission. The notification was issued because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025 and the company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This delay triggered the non-compliance notice under the continued listing requirements. In accordance with Nasdaq's procedures, the company has until June 20, 2025, to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the plan, Wetouch may be granted up to 180 calendar days from the original due date of the Form 10-K, or until October 13, 2025, to file the Form 10-K and Form 10-Q and thereby regain compliance. The company intends to file the Form 10-K and Form 10-Q as soon as practicable thereafter, and expects to regain compliance within the allowed timeframe. Confident Investing Starts Here:
