Youxin Technology (YAAS) received a formal notice from the Listings Qualifications Department of The Nasdaq Stock Market on October 2, confirming that the Company has regained compliance with Nasdaq stockholders’ equity rule under Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum of $2.5M in stockholders’ equity. On September 30, the Company sent an email to Nasdaq evidencing stockholders’ equity of more than $2.5M, based on which Nasdaq has determined that the Company complies with the Rules and this matter is now closed.
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