noco-noco announces grant of temporary exception to remain listed on Nasdaq

noco-noco received a hearing decision letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The Decision Letter gave the Company an exception period until October 30, 2024 to regain compliance with Listing Rule 5550(a) and Listing Rule 5550(b) or any of the alternatives outlined in Listing Rule 5550(b). Accordingly, the Nasdaq Hearings Panel granted the Company’s request for continued listing on The Nasdaq Capital Market, subject to certain conditions, including the reverse stock split, a series of debt and equity financings, and prompt notification of any significant events during the exception period that may affect the Company’s compliance with Nasdaq requirements.