Warrantee Inc. (WRNT) shares tumbled 29% to $0.30 on Monday after the company announced receipt of a Nasdaq delisting determination letter.
The Nasdaq notified Warrantee on April 15 that its securities would be delisted due to failure to meet the minimum bid price requirement for continued listing. The company had been notified of its non-compliance on October 13, 2023, and was given until April 10, 2024, to rectify the issue.
Warrantee says it is exploring various options, including a reverse stock split, and will keep shareholders informed of any significant updates.
Investors interested in participating in the market for Warrantee can buy shares through a brokerage account, even in fractional amounts. Alternatively, they can explore more complex options such as shorting or trading options.
