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Vroom receives Nasdaq notice of non-compliance (NASDAQ:VRM)

December 26, 2023
in Business
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Vroom receives Nasdaq notice of non-compliance (NASDAQ:VRM)

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Vroom (NASDAQ:VRM) disclosed on Friday that it had obtained a Nasdaq discover notifying it that VRM was not in compliance with the inventory change’s minimal bid worth requirement. In accordance with the discover, for the final 30 consecutive enterprise days, the bid worth for VRM’s frequent inventory had closed beneath the $1/share minimal bid worth requirement. VRM plans to regain compliance with Nasdaq by effecting a reverse inventory cut up. VRM added that the Nasdaq discover has speedy impact on its frequent inventory itemizing. SEC Submitting

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