Iveda announced that the Company has regained compliance with Nasdaq’s minimum bid price requirement set forth in Nasdaq Listing Rule 5550 a 2 . This compliance follows Iveda’s stock trading above $1.00 per share for 10 consecutive business days. Accordingly, Nasdaq has confirmed that the matter is now closed. “We are pleased to announce that Iveda has regained full compliance with Nasdaq’s listing requirements,” said David Ly, CEO of Iveda. “Our team remains committed to advancing our innovative AI and IoT technologies to support smart city initiatives and global safety applications. We also believe maintaining our NASDAQ listing is important to our ultimate value creation for our shareholders.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IVDA:
- Iveda sees increased interest from major retail chains worldwide
- Iveda Solutions Inc trading halted, news pending
- Iveda Solutions announces 1-for-8 reverse stock split
- Iveda Solutions sells 5M shares at 43c in registered direct offering
- Iveda Solutions new patent pending for monitoring solution LevelNOW