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To regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. From December 27, 2024 through January 14, 2025, a period of 10 consecutive trading days, the closing bid price of the Company’s ordinary shares was greater ...
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
As announced on August 1, 2024, the Company has been provided with an initial period of 180 calendar days, or until January 28, 2025, to regain compliance with the minimum bid price requirement. The closing bid price of the Ordinary Shares must be at least $1.00 for at least 10 consecutive business days prior to January 28, 2025 to regain ...
China Jo-Jo Drugstores, Inc. Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement HANGZHOU, China--(BUSINESS WIRE)-- China Jo-Jo Drugstores, Inc. (NAS: CJJD) (the "Company"), a ...
As previously disclosed, the Company was notified by Nasdaq on September 10, 2024 that the Company was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company’s American depositary shares (“ADSs”) was below US$1.00 per share for 30 consecutive business days.
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As previously disclosed, on October 2, 2012, the company received a notice from NASDAQ indicating it was not in compliance with NASDAQ's $1.00 minimum bid price requirement. The delisting is the result of the company's failure to regain compliance with this requirement. The Company did not appeal the NASDAQ staff's determination.
Tonix regained compliance for continued listing on The Nasdaq Capital Market in June 2022 by closing at a value of at least $1.00 per share for a time frame greater than or equal to 10 consecutive business days, criteria established by Nasdaq Listing Rule 5550(a)(2). [4]