Meihua International Medical Technologies Co., Ltd. (MHUA) has released an update.
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Meihua International Medical Technologies Co., Ltd. has been notified by Nasdaq of non-compliance with the minimum bid price requirement, as its shares closed below $1.00 for 30 consecutive days. The company has until September 30, 2024, to meet the minimum bid price for 10 consecutive trading days to maintain its listing. Meihua is considering necessary actions to remedy the situation, including a potential reverse stock split, to avoid delisting.
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