Star Equity Holdings (STRR) has released an update.
Star Equity Holdings, Inc. is on notice from Nasdaq for its stock price dipping below the $1.00 minimum bid requirement for 30 consecutive days. The company has until August 12, 2024, to rectify this by maintaining a closing bid price of $1.00 or more for 10 consecutive business days. Failing to meet this standard could lead to delisting, although the company has the option to transfer to The Nasdaq Capital Market and potentially receive an additional 180 days to comply. In the meantime, Star Equity Holdings is considering measures such as a reverse stock split to meet Nasdaq’s requirements and remain listed.
For further insights into STRR stock, check out TipRanks’ Stock Analysis page.
