On April 12, 2024, INNO Holdings Inc. received a notification from The Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement, as its common stock's closing bid price has been below $1.00 per share for 30 consecutive business days. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share for continued listing, and the company now has an initial 180-day period, until October 9, 2024, to regain compliance. During this period, INNO Holdings' common stock will remain listed and traded on The Nasdaq Capital Market. The company must achieve a closing bid price of at least $1.00 per share for at least 10 consecutive business days within this grace period to regain compliance. If INNO Holdings...Show More

On April 12, 2024, INNO Holdings Inc. received a notification from The Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement, as its common stock's closing bid price has been below $1.00 per share for 30 consecutive business days. The Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of $1.00 per share for continued listing, and the company now has an initial 180-day period, until October 9, 2024, to regain compliance. During this period, INNO Holdings' common stock will remain listed and traded on The Nasdaq Capital Market. The company must achieve a closing bid price of at least $1.00 per share for at least 10 consecutive business days within this grace period to regain compliance. If INNO Holdings fails to meet the requirement by the deadline, it may be eligible for a second 180-day grace period, provided it meets other initial listing standards and notifies Nasdaq of its intent to cure the deficiency, potentially through a reverse stock split. INNO Holdings has stated its intention to actively monitor its stock's bid price and explore options to address the compliance issue.