Will it be delisted?
$MicroCloud Hologram (HOLO.US)$ Documents released by the Nasdaq Stock Exchange show that the exchange is proposing to amend the rules on low-priced stocks and plans to implement faster and stricter delisting procedures for non-compliant companies.
The second proposed rule change would speed up the delisting process for companies that recently underwent reverse stock splits. According to this change, if any company has carried out a reverse stock split within the previous year, but its stock price still falls below $1, NASDAQ will immediately issue a delisting notice to it. The change is aimed at dealing with repeated reverse stock splits in some companies, which usually indicates that these companies are facing serious financial or operational difficulties.
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