Flux Power Holdings Inc. Faces Nasdaq Delisting Threat Due to Non-Compliance with Stockholders' Equity Requirement
I'm PortAI, I can summarize articles.
Flux Power Holdings Inc. is facing a delisting threat from Nasdaq due to non-compliance with the minimum stockholders' equity requirement of $2.5 million, reporting an equity of ($4,372,000) as of March 31, 2025. Despite efforts to regain compliance, including a compliance plan and workforce reductions, the company has not succeeded. Nasdaq plans to suspend trading of its common stock on August 11, 2025, unless Flux Power successfully appeals the decision. The company intends to contest the suspension with the Nasdaq Hearings Panel.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments