OMNIQ Corp (OMQS) has released an update.
OmniQ Corp. faces delisting from the Nasdaq Stock Market after failing to meet the minimum market value requirement of $35 million for 30 consecutive days. Despite being given 180 days to regain compliance, the company has not succeeded, triggering a notice of potential suspension of their stock. OmniQ Corp. plans to appeal this decision by the Nasdaq Hearings Panel, having already paid the necessary fee for a hearing, with the aim of preventing the suspension and maintaining their listing status.
For further insights into OMQS stock, check out TipRanks’ Stock Analysis page.
