Auddia
AUUD,
stated Monday it obtained written discover from Nasdaq workers on Oct. 24 that it hadn’t regained compliance with the trade’s bid value requirement, and workers would delist the corporate’s inventory except an attraction was filed.
The firm stated it deliberate to file its attraction and tackle compliance with the bid value requirement. While the attraction course of is underneath manner, the suspension of buying and selling gained’t happen, Auddia stated.
In April, Auddia disclosed it obtained discover from Nasdaq that it wasn’t in compliance with the trade’s $1 minimal bid value requirement. At the time, the corporate was given 180 days, or till Oct. 23, to regain compliance, it stated.
Auddia’s shares completed Monday’s common session with a 3.2% decline, closing at 21 cents. The inventory lasted closed above $1 on June 12, when it closed the day at $1.22 per share.
Auddia’s merchandise embrace the faidr Superapp, which gives ad-free, AI enabled AM/FM, together with different content material.
Source web site: www.marketwatch.com
