Jowell Global granted extension to meet Nasdaq minimum bid price requirement

Jowell Global has been granted an additional 180 calendar day period or until December 26, to regain compliance with the $1.00 minimum closing bid price requirement for continued listing on Nasdaq. Nasdaq’s determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing with the exception of the bid price requirement, and the company’s written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If compliance cannot be demonstrated by December 26, Staff will provide written notification that the company’s securities will be delisted. At that time, the company may appeal the Staff’s determination to a Nasdaq Hearings Panel.