Indian travel aggregator Yatra may get delisted from NASDAQ

Yatra may now be delisted from national association of securities dealers automated quotation exchange. NASDAQ is an electronic medium which enables investors to to trade securities on computerized,speedy and transparent system. It includes companies such as apple, Google , Microsoft and others.

Yatra, which is an Indian travel company, has not been able to maintain the closing bit price of $1.00 per share for the last 30 days. It must continue to Maintain a closing bit price of $1.00 per share for 10 consecutive days and must gain compliance in a time period of 180 days as well in order to stay listed. Yatra is set to face delisting if it fails beyond the second 180 day period.

After this initial 180 days period, it is not known whether the company will be considered for an additional 180 day compliance period or not. If Nasdaq disapproves of such an additional compliance period, then Yatra’s ordinary shares might be delisted instantly.

In June 2020, Yatra announced the closing of its underwritten public offering of $11.5 Mn. The company had offered 14,375,000 of its ordinary shares at a public offering price of $0.80 per share.

As of June 4, the company had available liquidity of $32.5 million, CEO Dhruv Shringi had said during an investor presentation.