GIBO Holdings announces transfer to Nasdaq Capital Market

GIBO Holdings (GIBO) announced that the company has received approval from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market to transfer the listing of the Company’s Class A ordinary shares from the Nasdaq Global Market to the Nasdaq Capital Market. The company’s Class A ordinary shares will be transferred to the Nasdaq Capital Market effective as of the open of business on October 20, and will continue to trade under the symbol “GIBO.” Meanwhile, the company’s warrants to purchase Class A ordinary shares will remain listed on the Nasdaq Capital Market under the symbol “GIBOW.” The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and the subject transfer is not expected to have any impact on trading of the company’s securities.