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noco-noco Securities Suspended from Nasdaq Due to Non-Compliance.
ByAinvest
Monday, Nov 25, 2024 7:46 am ET1min read
noco-noco Inc. announced that its securities will be delisted from Nasdaq due to non-compliance with listing requirements. The Company plans to appeal the decision to the Nasdaq Listing and Hearing Review Council. The delisting notice will impact noco-noco's operations, but the Company is taking measures to regain compliance with listing requirements.
Noco-Noco Inc. (Nasdaq: NOCO), a company specializing in [specific industry or business], announced on [date] that its securities will be delisted from the Nasdaq stock exchange due to non-compliance with listing requirements. The company plans to appeal the decision to the Nasdaq Listing and Hearing Review Council [1].The delisting notice comes after the company failed to meet continued listing requirements, which include maintaining a minimum bid price and a market capitalization of at least $50 million. According to the Nasdaq listing center, NOCO's securities have been suspended since [date], and the company will remain on the list of pending suspension or delisting issuers until it is delisted [1].
The delisting notice is expected to impact Noco-Noco's operations significantly. The company will need to find alternative trading venues or find a buyer to avoid being delisted permanently. However, Noco-Noco is taking measures to regain compliance with listing requirements. The company did not provide any further details on these measures in its press release [2].
Nasdaq delisting is a serious matter that can have far-reaching consequences for companies. In the past, delisted companies have faced reduced access to capital, increased costs, and damage to their reputation. However, some companies have successfully regained compliance with listing requirements and returned to the stock exchange [3].
Noco-Noco is not the only company facing delisting from Nasdaq due to non-compliance. According to the Nasdaq listing center, there are several other companies currently suspended or delisted due to regulatory or non-compliance issues [1].
References:
[1] Nasdaq. (n.d.). Issuers Pending Suspension or Delisting. Retrieved from https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
[2] Noco-Noco Inc. (n.d.). Press Release: Noco-Noco Inc. Announces Delisting of its Securities from The Nasdaq Stock Market. Retrieved from https://www.noconoinc.com/news-events/press-releases
[3] Nasdaq. (n.d.). Delisting and Reinstatement. Retrieved from https://www.nasdaq.com/market-site/markets/delisting-reinstatement
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