BON Announces Reciept of Nasdaq Compliance Letter
1. BON regained compliance with Nasdaq's Bid Price Rule. 2. The compliance notification closes past compliance issues. 3. BON will be monitored by a Discretionary Panel for one year.
1. BON regained compliance with Nasdaq's Bid Price Rule. 2. The compliance notification closes past compliance issues. 3. BON will be monitored by a Discretionary Panel for one year.
Regaining compliance can boost investor confidence. Historical cases show similar recoveries led to price increases.
Compliance with Nasdaq can enhance credibility and invite investment.
Short-term effects expected from compliance news but will need sustained performance.