Roma Green Finance receives Nasdaq listing deficiency notice

Roma Green Finance received a notice from Nasdaq that Roma is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the company’s ordinary shares. The notice indicated that the company has 180 days, or until November 13, 2024, to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Ordinary Shares meet or exceed $1.00 per Ordinary Share for at least ten consecutive business days. The Notice has no immediate effect on the listing of the company’s Ordinary Shares, which continue to trade on The Nasdaq Capital Market under the symbol “ROMA”. The company may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement, including a reverse stock split. If the company does not regain compliance by the compliance deadline, the company may be afforded an additional 180 calendar day period to regain compliance.