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Twin Vee Powercats (NASDAQ:VEEE) Receives Extension from Nasdaq for Bid Price Compliance

Summary by modernreaders.com
On November 7, 2024, Twin Vee Powercats Co. announced that they have received written notification from Nasdaq granting a 180-day extension to regain compliance with Nasdaq Listing Rule 5550(a)(2). The company failed to meet the Minimum Bid Price Requirement by November 6, 2024, prompting the need for an extension. The Minimum Bid Price Requirement dictates that the common stock must maintain a minimum closing bid price of $1.00 per share for at…
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