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 that it no longer meets the minimum bid price requirement for continued listing, as its stock has traded below $1 for 30 consecutive days. The company has until June 2025 to regain compliance by achieving a closing bid price of at least $1 for 10 consecutive business days, or it faces potential delisting. Meihua can opt for an additional compliance period by transferring its listing to the Nasdaq Capital Market, accompanied by a $5,000 fee.
For further insights into MHUA stock, check out TipRanks’ Stock Analysis page.