NIP Group (NIPG) announced that it has received a written notification from the staff of Nasdaq dated March 24 indicating that for the last 32 consecutive business days, the closing bid price of the company’s American depositary shares was below the minimum bid price requirement of $1.00 per share set forth in Nasdaq Listing Rule 5450. The deficiency letter has no current effect on the listing or trading of the company’s ADSs on Nasdaq.
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