Summary by Futu AI
WeBuy Global Ltd, an emerging community e-commerce retailer specializing in grocery and travel in Southeast Asia, has received a notification from Nasdaq on January 26, 2024, regarding its non-compliance with the minimum bid price requirement. The company's shares have failed to maintain the minimum bid price of $1.00 for 30 consecutive business days, as stipulated by Nasdaq Listing Rule 5550(a)(2). Despite this, the notification does not immediately affect the listing of WeBuy's shares. The company has been granted a 180-day period, until July 24, 2024, to regain compliance with the minimum bid price rule. Compliance can be achieved if WeBuy's share price closes at or above $1.00 for at least ten consecutive business days within this timeframe. If WeBuy fails to comply...Show More