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Nasdaq Seeks To Step Up Delistings For Cheap, Risky Stocks

By Tom Zanki ( August 8, 2024, 7:31 PM EDT) -- Nasdaq is proposing to accelerate delisting procedures for companies whose shares fall below $1 for extended periods by tightening compliance deadlines and cracking down on those companies that seek to avoid delisting by enacting reverse stock splits, marking the exchange's latest effort to combat risky stocks....

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