Swvl regains compliance with Nasdaq continued listing requirements

Swvl (SWVL) Holdings Corp announced that it has received a letter from the staff of the Nasdaq Stock Market informing the company that it has regained compliance with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), which require the company to maintain a minimum stockholders’ equity of $2.5M and net income of $500,000 from continuing operations, respectively.