On June 27, 2024, Peking / PRNewswire/ -- Sino-Global Shipping America, Ltd. ("SGAM" or the "Company") (Nasdaq: SINO), a non-asset based global shipping and freight logistic integrated solution provider, announced today that the Company has received written confirmation from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("NASDAQ") dated June 5, 2024, stating that SGAM has regained compliance with NASDAQ Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule") because the closing bid price of SGAM's common stock had been at $1.00 per share or greater for a minimum of the ten consecutive business days from May 20, 2024 to June 4, 2024. Accordingly, the Company has regained compliance with the NASDAQ Listing Rules and NASDAQ has determined that this matter is closed.
About Shanggao Corporation
Sino-Global Shipping America, Ltd. (referred to as "SGAM" or the "Company"; NASDAQ trading code: SISI; an advanced technology provider of medical products and services for big health) announced today that SGAM received a letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("NASDAQ") on June 5, 2024, confirming that the company has regained compliance with the minimum bid price rules stipulated in Rule 5550 (a)(2) of the NASDAQ listing rules, as SGAM's closing stock price had remained above $1.00 for ten consecutive working days between May 20, 2024 and June 4, 2024. Therefore, the Company has regained compliance with the NASDAQ Listing Rules and NASDAQ regards the matter as closed.
Forward-Looking Statements
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David J. Rudnick
Sino-Global Shipping America, Ltd. (SGAM) is a global logistics services provider specializing in shipping and freight forwarding for companies operating in or shipping products to China.
Under its current business scope, SGAM provides shipping agency services, shipping and chartering services, inland transportation management services and ship management services. In addition, SGAM is developing its shipping related business, such as ship refueling business.
For more information visit the Company's website at http://www.sino-global.com/.
Phone: +1-646-694-8538