MoneyHero faces potential delisting as shares dip below US$1
It no longer meets the minimum bid price requirement for its continued listing on the Nasdaq Global Market after the closing bid price of its ordinary shares has fallen below US$1 per share for 31 consecutive business days
FINANCIAL comparison site MoneyHero may be delisted from the Nasdaq, less than two years after it went public.
On Apr 7, Nasdaq informed MoneyHero that it no longer meets the minimum bid price requirement for its continued listing on the Nasdaq Global Market, after the closing bid price of its ordinary shares fell below US$1 per share for 31 consecutive business days.
The notification does not result in the immediate delisting of the company’s securities.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
