TinyGemsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Receives NASDAQ Notification, Has Regained Compliance
Freight Technologies (NASDAQ: FRGT), a technology company developing solutions to optimize and automate the supply chain process, has regained compliance with NASDAQ listing requirement. The company received written notification in October 2022 that it no longer complied with NASDAQ’s minimum bid price requirement for continued listing on the Nasdaq Capital Market; the reason for the notification was the company’s closing bid price ordinary shares had fallen below $1 per share for 30 consecutive business days. According to NASDAQ guidelines, Freight Technologies had 180 calendar days to comply with the regulations, which it did by implementing a 10:1 reverse split of…