Able View receives noncompliance notification from Nasdaq

Able View (ABLV) announced that the company received a notification letter from Nasdaq notifying the company that it is not in compliance with the minimum bid price requirement from October 22 through December 3. As set forth in the Nasdaq Listing Rules 5550, it requires that the closing bid price for the company’s ordinary shares listed on the Nasdaq be maintained at a minimum of $1.00 and failure to meet it for 30 consecutive trading days constitutes a compliance deficiency.