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.
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