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Oriental Rise receives noncompliance notification from Nasdaq

Oriental Rise (ORIS) announced that it received a letter from Nasdaq notifying the company that it is not in compliance with the minimum bid-price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The notification resulted from the fact that the closing bid price of the company’s ordinary shares was below $1.00 per share for 30 consecutive business days, from May 15 to June 27.

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