© Reuters.
Auddia, the creator of the Faidr Superapp that delivers AI-powered AM/FM content, is facing potential delisting from Nasdaq due to its failure to meet the exchange’s minimum bid price requirement. A warning was issued to the company by Nasdaq staff on Monday, October 24.
The company intends to appeal this decision, aiming to prevent trading suspension throughout the appeal process. Despite being granted a 180-day period in April to regain compliance, Auddia was unable to meet the $1 minimum bid price required by Nasdaq.
Shares of Auddia (NASDAQ:AUDD) recorded a 3.2% decline at the end of Monday’s regular session, closing at 21 cents. The last time the stock value of Auddia surpassed the $1 mark was on June 12.
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