Reitar Logtech (RITR) Shares Tumble 69% After Hours: Here's Why
Reitar Logtech Holdings Ltd (NASDAQ: RITR ) shares fell 69.25% to $0.023 in after-hours trading Wednesday after the company disclosed that Nasdaq had determined to delist its securities from The Nasdaq Capital Market. Reitar Logtech develops property-logistics technology solutions focused on logistics assets, including investment development, operational management and technology-driven upgrades. Nasdaq Delisting Reitar Logtech received a Staff Delisting Determination Letter from Nasdaq on Sept. 10 because its closing bid price remained at $0.10 or below for 10 consecutive trading days from Aug. 25 through Sept. 9. The company disclosed the determination in a Form 6-K filed Wednesday. Trading in the company’s securities will be suspended at the opening of business on Sept. 17. Unless the company timely requests a hearing, Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to remove the securities from listing and registration on Nasdaq. Reitar Logtech has submitted a hearing request to the Nasdaq Hearings Department to appeal the delisting determination. The request must be received by 4 p.m. ET on Sept. 17. The company said a timely request will not stay th
023 in after-hours trading Wednesday after the company disclosed that Nasdaq had determined to delist its securities from The Nasdaq Capital Market. Reitar Logtech develops property-logistics technology solutions focused on logistics assets, including investment development, operational management and technology-driven upgrades. Nasdaq Delisting Reitar Logtech received a Staff Delisting Determination Letter from Nasdaq on Sept. 10 or below for 10 consecutive trading days from Aug.
25 through Sept. 9. The company disclosed the determination in a Form 6-K filed Wednesday. Trading in the company’s securities will be suspended at the opening of business on Sept.
17. Unless the company timely requests a hearing, Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to remove the securities from listing and registration on Nasdaq. Reitar Logtech has submitted a hearing request to the Nasdaq Hearings Department to appeal the delisting determination. m.
ET on Sept. 17. The company said a timely request will not stay the trading suspension and there can be no assurance the appeal will be successful. 1 to the Form 6-K.
72 million. 05. 64% over the past year. Edge Stock Rankings show a negative price trend across the short-, medium- and long-term time frames.
076, according to Pro data. See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo: ImageSymphony / Shutterstock