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GIBO Holdings receives noncompliance notification from Nasdaq

GIBO Holdings (GIBO) announced it received a letter from Nasdaq, notifying that the company is not in compliance with Nasdaq Listing Rule 5810, as the company’s securities had a closing bid price of 10c or less for the last ten consecutive trading days. The letter indicated that, as a result, the Nasdaq staff determined to delist the company’s securities from Nasdaq.

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