Naked Brand Group Limited (NASDAQ: NAKD) has been awarded an additional 180-day period to recover Nasdaq compliance. The apparel Manufacturing firm has got the letter from the listing qualification department of the Nasdaq stock market. The firm will continue trading on the Nasdaq stock market and this letter doesn’t influence the dealing or listing of the company.
Naked Group has time till May 24, 2021, to fulfill the listing provisions of the Nasdaq stock exchange. This decision of the stock exchange comes after the firm has fulfilled the conditions for initial listing on the Capital Markets. Naked Brand Group has given the letter which shows the NAKD’s intention to fulfill the requirements.