Big Tree Cloud announced that it has received a written notification from Nasdaq, notifying the company that it is not in compliance with the minimum market value of publicly held shares requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum MVPHS of $15M and Nasdaq Listing Rule 5810(c)(3)(D) provides that the failure to meet the minimum MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVPHS of the company for the last 33 consecutive business days, the company did not meet the minimum MVPHS requirement. The notification letter does not impact the company’s listing on the Nasdaq Global Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the company is provided 180 calendar days, or until February 1, 2025, to regain compliance with Nasdaq Listing Rule 5550(b)(2). To regain compliance, the company’s MVPHS must exceed $15M for a minimum of 10 consecutive business days. In the event the company does not regain compliance by February 1, 2025, the company may be eligible for additional time to regain compliance, or may face delisting.