Connexa Reports Results of Quarterly Filing and Business Update
Retrieved on:
Thursday, October 19, 2023
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Connexa Reports Almost 40 Percent Drop in Operating Loss for Quarter Ended July 2023.
Key Points:
- Connexa Reports Almost 40 Percent Drop in Operating Loss for Quarter Ended July 2023.
- The four continuing listing compliance requirements recently met include:
Minimum bid price, achieved by a 1:40 reverse stock split effective September 25, 2023. - Appointment of two independent directors, bringing the total number of directors to five.
- The one remaining listing compliance issue outstanding, relates to the minimum capital requirement for a Company to maintain a Nasdaq listing.