Viomi Technology Co (VIOT) has released an update.
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Viomi Technology Co., a Chinese IoT @ Home technology company, has been notified by Nasdaq that its American Depositary Shares (ADSs) have fallen below the minimum bid price of $1.00 for 30 consecutive days. The company now has a 180-day period to regain compliance with the Nasdaq’s minimum price requirement. This notification does not affect Viomi’s business operations, and the company is actively seeking to address the issue to meet Nasdaq’s standards.
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