ATX Group, Inc. regains Nasdaq compliance

Addentax Group announced that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1). On April 24, 2024, the company was notified by Nasdaq that its common stock had failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days, as required by Nasdaq Listing Rules. However, Nasdaq has now confirmed that for the 10 consecutive business days from February 7 through February 21, the closing bid price of the company’s common stock has been at or above $1.00 per share. As a result, the company has regained compliance, and this matter is now closed.