Republic First Bankcorp slumps to record low after Nasadaq delisting notice

Republic First Bancorp

22/08/2023 15:07

** Republic First Bancorp's shares  FRBK.O  tank 45.9% to 38
cents after co says stock will not be listed on the Nasdaq
 .IXIC  from Aug. 23
    ** Stock hits record low level since its IPO in 1988
    ** Nasdaq notifies co of delisting after failure to file
annual report with the SEC for FY 2022
    ** Co expects commmon stock to begin trade on OTC
marketplace 
    ** Co to complete and file all delayed reports as soon as
practicable
    ** FRBK may apply to list on a major stock exchange after
filing 
    ** Co received a compliance notice from the Nasdaq for
delayed filing on Aug. 17
    ** FRBK down 79.5% YTD 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))