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NEW YORK - The Nasdaq Stock Market announced that trading in Bowen Acquisition Corp. securities was halted Tuesday at 5:45 p.m. Eastern Time, pending the company’s response to a request for additional information. The halt comes amid a challenging week for the micro-cap company, which has seen its stock decline nearly 10% in the past week, according to InvestingPro data.
Trading will remain suspended until Bowen Acquisition fully satisfies Nasdaq’s information request, according to a statement based on a company press release.
At the time of the halt, Bowen Acquisition’s ordinary shares (NASDAQ:BOWN) were trading at $9.19, while its rights (NASDAQ:BOWNR) stood at $0.2252 and units (NASDAQ:BOWNU) at $13.02.
Nasdaq did not specify the nature of the additional information requested from the company, nor did it indicate when trading might resume.
Bowen Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. The trading halt affects all three of the company’s listed securities.
The Nasdaq Stock Market regularly monitors listed companies to ensure compliance with its listing standards and disclosure requirements.
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