SRIVARU Holding (SVMH) has released an update.
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SRIVARU Holding Limited, a producer of premium electric motorcycles, is facing a potential delisting from the Nasdaq Global Market due to non-compliance with certain market value requirements. The company has requested a hearing to appeal the delisting and is preparing a plan to regain compliance. While SRIVARU remains traded on Nasdaq pending the hearing’s outcome, there is no certainty that the company will achieve the compliance extension or meet the criteria within the potential extension period.
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