Mingzhu Logistics (YGMZ) announced that it received a formal notification from Nasdaq that the company has regained compliance with Listing Rule 5550, as required by the Nasdaq Hearings Panel’s decision dated March 31. The Nasdaq staff made this determination of compliance after the closing bid price of the company’s ordinary shares has been at $1.00 per share or greater for twenty consecutive trading days from April 17 through May 8. Accordingly, the company has regained compliance with Nasdaq Listing Rule 5550.
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