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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 ...
To regain compliance with the Rule, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on November 13, 2024, Nasdaq informed the Company it achieved compliance with this Rule. Therefore, Nasdaq considers the prior bid price deficiency matter now closed.
On December 4, 2024, the Company received a letter from the staff of the Listing Qualifications Department of Nasdaq notifying the Company that, while the Company has not regained compliance with the Minimum Bid Price Requirement, Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 26, 2025 ...
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.
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 ...
TranSwitch Corporation Receives Nasdaq Minimum Bid Price Non-Compliance Letter SHELTON, Conn.--(BUSINESS WIRE)-- TranSwitch Corporation (NAS: TXCC) (the "Company"), a leading provider of ...
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
Companies quoted on the OTCBB had to fully report (i.e., current with all required SEC filings) but there were no market capitalization, minimum share price, corporate governance or other requirements to be quoted. Companies which had been "de-listed" from stock exchanges for falling below minimum capitalization, minimum share price or other ...