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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 ...
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$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.
Nasdaq's determination was in part based on (i) the Company meeting the applicable market value of publicly held shares requirement for continued listing and all other applicable requirements for initial listing on the Capital Market (except for the Minimum Bid Price Requirement), (ii) the Company’s written notice of its intention to cure the ...
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
Failure to meet Nasdaq requirements [20] Delta Galil Industries: DELT 1999 2008 Manufacturing Voluntarily delisted. [21] [22] Deltathree, Inc. DDDC 1999 2008 Communication services Bid price less than min. requirement [23] DSP Communications Ltd. DSPC 2000 2001 Semiconductors Bought by Intel for U$1.6 bn [24] ECI Telecom Ltd. ECIL 1982 2007
The securities listed on Nasdaq can be quoted and traded from any US exchange. Trades and quotes on these securities are distributed on two separate feeds, the UTP Quotation Data Feed (UQDF) and the UTP Trade Data Feed (UTDF).
On December 30, 2024, Nasdaq confirmed in the Compliance Notice that the closing bid price of the Company’s ADSs has been at US$1.00 per share or greater for 10 consecutive business days, from December 9, 2024, to December 27, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1), and the matter is closed.
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