Astra outlines its plan to avoid Nasdaq delisting, including possible reverse stock split
Publishing timestamp: 2023-03-16 16:25:38
Summary
Astra is seeking an extension to Nasdaq's deadline for its stock to return above $1 share to avoid being delisted from the exchange. The company has also noted the possibility of conducting a reverse stock split to get back into compliance with Nasdaq's listing standards.
Sentiment: NEUTRAL
Tickers: ASTR,
Keywords: technology, breaking news: technology, aerospace and defense industry, stock markets, business news, transportation, the edge, business, astra space inc, breaking news: business, space industry,
Source: https://www.cnbc.com/2023/03/16/astra-plan-to-avoid-nasdaq-stock-delisting.html