WiSA Technologies drops 5%, accepts Nasdaq compliance plan
WiSA Technologies received a decision from the Nasdaq Hearings Panel granting its request for continued listing on Nasdaq. The listing is subject to certain milestones including: on or before April 28, 2024, the company must meet a minimum bid price of at least $1 per share, and on or before June 28, 2024, the company should attain stockholders' equity of at least $2.5M. The company plans to implement a 1-for-150 reverse stock split with an effective date of Monday, April 15, 2024. The stock price slipped 4.8% to $0.022 per share on Tuesday during pre-market trade. More on WiSA Technologies WiSA Technologies announces pricing of $2.3M registered direct offering and concurrent private placement WiSA Technologies stock plummets on pricing of $10M public offering Seeking Alpha’s Quant Rating on WiSA Technologies