Emcore Corporation (EMKR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Emcore Corporation faces a significant business risk due to potential delisting from Nasdaq if it cannot meet the $1.00 minimum closing bid price requirement. After failing to maintain this price for 30 consecutive days, Emcore received a Notification Letter from Nasdaq, leading to an application for a transfer of securities and an extension to regain compliance by June 17, 2024. The company is considering options such as a reverse stock split to address this deficiency. Delisting could severely impact Emcore’s stock liquidity, market price, investor confidence, and ability to secure necessary financing.
Overall, Wall Street has a Strong Buy consensus rating on EMKR stock based on 3 Buys.
To learn more about Emcore Corporation’s risk factors, click here.
