China Lending announced that it received a notification letter from Nasdaq Listing Qualifications advising the Company that based upon the closing bid price for the Company's common shares for the past 30 consecutive business days, the Company no longer met the minimum $1.00 per share Nasdaq continued
listing requirement set forth in Nasdaq Listing Rule 5555.
The letter states that based upon the closing bid price of the company's securities for the last 30 consecutive business days, the company no longer meets the foregoing continued
listing requirement. However, under NASDAQ Rules, the company was provided with a compliance period of 180 calendar days in which to regain compliance (during said compliance period, the company's securities will continue to be listed and traded on NASDAQ, subject to applicable NASDAQ rules).
The determination by Nasdaq that the company was eligible for this additional period was based upon the company meeting the continued
listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the Bid Price Rule, and the company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
11 March 2010 A[cent sign]a'[not sign]a[euro]oe Merriman Curhan Ford Group Inc (NASDAQ:MERR) said it was notified by NASDAQ that it failed to comply with the bourse's USD1.00 (EUR0.733) per share minimum bid price
listing requirement.
The proportion of total shareholdings by the 10 largest shareholders -- all Kokudo group firms -- in the railway company was reported as below 80 percent, hence meeting a
listing requirement that prohibits major shareholders from owning more than 80 percent of a company.
JMU announced that it has received a notification letter from Nasdaq dated August 14 indicating that based on the staff's review of the company's Market Value of Publicly Held Shares, or MVPHS, from July 2 to August 13, the company no longer meets the continued
listing requirement set forth in the Nasdaq Listing Rule 5450(b)(1)(C) of maintaining a minimum MVPHS of $5M for the Nasdaq Global Market.
Estre Ambiental has received a notification letter from the Listing Qualifications Department of Nasdaq indicating that the Company no longer meets the continued
listing requirement of maintaining a minimum Market Value of Publicly Held Shares for the Nasdaq Global Market because the market value of the company's publicly held ordinary shares for the last 30 consecutive business days was below the minimum MVPHS requirement of $15M.
The company expects that its common stock will begin to trade on OTCQX beginning August 8, and expects to trade under the symbol "UPLC." After consideration of multiple factors, the company's board of directors determined that attempting to regain compliance with Nasdaq's continued
listing requirement be effecting a reverse stock split would not be in the best interest of the company at this time.
According to the company, the Nasdaq letter stated that based upon the closing bid price of the company's securities for the last 30 consecutive business days, it no longer meets the foregoing continued
listing requirement.
China Ceramics announced that on July 12, 2019, it received a written notice from the Listing Qualifications department of The Nasdaq Stock Market advising the company that based upon the closing bid price for the company's shares for the past 30 consecutive business days, the company no longer met the minimum $1.00 per share Nasdaq continued
listing requirement set forth in Nasdaq Listing Rules.