Summary by Futu AI
Infobird Co., Ltd, a provider of AI-powered customer engagement solutions, has been notified by Nasdaq of non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its 2023 Form 20-F. The notice, dated May 20, 2024, does not immediately affect the listing of Infobird's ordinary shares. The company has until July 19, 2024, to submit a compliance plan to Nasdaq, which, if accepted, could grant an extension until November 11, 2024, to regain compliance. Infobird intends to file the overdue annual report once its financial statements for the fiscal year ended December 31, 2023, are finalized. The company had previously filed a Form 12b-25 on April 29, 2024, indicating a delay in the annual report, which was due by May 15, 2024. The announcement is made in accordance with Nasdaq's requirement for public disclosure of such notifications.