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ECD Automotive Design (ECDA) has issued an announcement.
ECD Automotive Design Inc. has been notified by Nasdaq that it failed to meet the $50 million market value requirement for continued listing and risks being delisted. The company was unable to regain compliance within the given 180-day period. They plan to appeal this decision, which will halt the delisting process until a hearing takes place. This development was made public through a recent press release by the company.
For a thorough assessment of ECDA stock, go to TipRanks’ Stock Analysis page.