URL has been copied successfully!
La Rosa Holdings Corp. (NASDAQ:LRHC) shares are seeing heavy selling pressure on Thursday. The stock dropped over 20% following news of a regulatory hurdle.
The Nasdaq is up 0.04% while the S&P 500 has shed 0.05%.
• La Rosa Holdings stock is testing lower boundaries. Why did LRHC hit a new low?
Nasdaq Issues Delinquency Notice
On April 16, the Nasdaq notified the multi-service real estate company of non-compliance with Listing Rule 5250(c)(1). This notice follows the company’s failure to timely file its Annual Report on Form 10-K. The report covers the fiscal year ended Dec. 31.
Path to Regaining Compliance
The notice does not immediately delist the stock. However, the company must submit a compliance plan by June 15. If accepted, Nasdaq may …
Please follow us:
This post was originally published here
