Primega Group Holdings (PGHL) said Friday it received a Nasdaq noncompliance notification, stating that the company no longer fulfills the regulator's minimum bid price requirement of $1 per share for continued listing based on the closing bid price from Jan. 28 to March 11.
The regulator has given a 180 calendar days compliance time, or until Sept. 8 for the company to regain compliance, Primega said, adding that the notice has no immediate impact on its ordinary shares' listing.
Primega's stock was down 2.3% in recent Friday premarket activity.
Price: 0.6112, Change: -0.01, Percent Change: -2.32
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