Top KingWin (WAI) announced that it received a formal notification from Nasdaq on that the company has regained compliance with Nasdaq Listing Rule 5550, which requires the company’s class A ordinary shares, par value of $0.0025 each to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the company’s ordinary shares has been at $1.00 per share or greater for the last 10 consecutive business days from May 5 to May 16. Accordingly, the company has regained compliance with Nasdaq Listing Rule 5550 and this bid price deficiency matter is now closed.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAI:
- Top KingWin Ltd trading halted, news pending
- Top KingWin announces 1-for-25 reverse stock split
- Top KingWin Ltd Approves Major Shareholder Resolutions at April Meeting
- Top KingWin announces plans to launch Desktop Robot 1.0
- Top KingWin Limited Announces Extraordinary General Meeting to Restructure Share Capital