HONG KONG, Dec. 28, 2017. APR 7, 2023 /PRNewswire/ - The Infobird Company has announced that it has.It is important to note that Infobird Ltd ("Infobird") ("Company") is a software-as-a-service provider of artificial intelligence-driven customer engagement solutions based in China, and this announcement is announcing the receipt of a notification letter from the Listing Qualifications Department of Nasdaq Stock Market LLC ("Nasdaq") on December 5, 2023 informing the company that they have regained compliance with Nasdaq Capital Market's minimum bid price requirement and that the matter is now concluded.
It is important to note that Infobird Ltd ("Infobird") ("Company") is a software-as-a-service provider of artificial intelligence-driven customer engagement solutions based in China, and this announcement is announcing the receipt of a notification letter from the Listing Qualifications Department of Nasdaq Stock Market LLC ("Nasdaq") on December 5, 2023 informing the company that they have regained compliance with Nasdaq Capital Market's minimum bid price requirement and that the matter is now concluded.
The Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A) were applied to the Company on September 12, 2023, when the Company was notified by Nasdaq that it had failed to maintain a minimum closing bid price of at least $1.00 per share for at least 30 consecutive trading days. It was given 180 days, or until March 11, 2024, to regain compliance. The Company consolidated its shares into one-for-20 shares on November 15, 2023.
In the Notice, it was stated that the Company had proven that for at least 10 consecutive business days from November 20 through December 4, 2023, the closing bid price of its ordinary shares had been at or greater than $1.00 per share as of December 5, 2023. The Company has therefore regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq has considered the issue to be resolved.
Information about Infobird Co., Ltd.
A company called Infobird, headquartered in Hong Kong, China, provides innovative AI-powered, or AI-enabled, customer engagement solutions. For more information, please visit the company's website at www.Infobird.com. For more information, please visit Infobird's website at www.Infobird.com.
The source of this information is Infobird Co., Ltd.
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