DIGITALIFT shares slide sharply after TSE designates stock as watchlist issue (under review) effective Oct. 1
DIGITALIFT Inc. <9244> shares fell sharply after the Tokyo Stock Exchange (TSE) announced on Sep 30 it will designate the stock as a watchlist issue (under review) effective Oct 1. The stock had entered an improvement period after failing to meet the tradable share market capitalization criterion among listing maintenance standards for the TSE Growth Market. As compliance with listing maintenance standards could not be confirmed as of Sep 30, when the improvement period expired, the designation was made.
After market close on Sep 30, DIGITALIFT disclosed that, based on its own estimates, it expects to meet the listing maintenance standard of tradable share market capitalization of 500 million yen or more as of that date. A formal review will be conducted going forward.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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