NASDAQ files for near 24-hour trading
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KindlyMD risk Nasdaq delisting as share price woes reach critical levels
KindlyMD Inc., the Utah-based healthcare company turned Bitcoin treasury asset, is facing the risk of being delisted from the Nasdaq exchange after its shares failed to meet the minimum price requirement of $1 over the last month.
Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.
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Nasdaq on Friday proposed a new rule that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a company's stock vulnerable to manipulation.