ClearSign Combustion (CLIR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
ClearSign Combustion faces a significant business risk as it struggles to comply with Nasdaq’s continued listing requirements, specifically maintaining a minimum closing bid price of $1.00 per share. After receiving a non-compliance notice, the company has until October 29, 2024, to rectify the situation or risk being delisted. Delisting could severely affect ClearSign Combustion’s stock liquidity and price, as well as its ability to attract capital and maintain investor, employee, and business confidence.
The average CLIR stock price target is $6.00, implying 605.97% upside potential.
To learn more about ClearSign Combustion’s risk factors, click here.
