Freight Technologies up on regaining compliance with Nasdaq listing rule
12/04/2023 11:30
** Shares of transportation logistics firm Freight
Technologies Inc FRGT.O up 8.3% at $2.34 premarket
** FRGT said on Tuesday after market that it has regained
compliance with Nasdaq's listing rule
** On Oct. 26, company had received a notification from
Nasdaq stating it no longer complied with the minimum bid price
requirement for continued listing
** To regain compliance, FRGT effected a 10: 1 reverse split
of its ordinary shares
** Up to last close, stock down 5.80% so far this year
(Reporting by Ashwini Raj in Bengaluru)
((Ashwini.Raj@thomsonreuters.com))