Vestand Stock Gains Premarket as Nasdaq Eyes Delisting Over 50-Cent Price
Vestand Inc. said Nasdaq staff began delisting proceedings after the company missed three financial filings. Vestand requested a hearing, triggering a short automatic stay while it seeks more time. Shares traded near $0.50 premarket Wednesday, up from $0.47 at Tuesday’s close. The company warned there is no guarantee overdue reports will be filed before the hearing or that Nasdaq will grant an extension.