X3 Holdings receives Nasdaq notification regarding minimum bid price defficiency

X3 Holdings has received a notification letter from Nasdaq notifying the company that it is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq. The company has been provided 180 calendar days, or until October 7, 2024, to regain compliance. In the event that the company does not regain compliance by October 7, 2024, the Company may be eligible for additional time to regain compliance or may face delisting. The receipt of the Notification Letter has no immediate effect on the company’s business operations or the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker “XTKG“. The company is in the process of considering various measures to improve its financial position and results of operations to countervail the short-term adverse effects on its trading price and cure the deficiency in due time.