Reported Friday, MaNaDr Receives Nasdaq Notice for Minimum Bid Price Rule Violation, Has Until March 2025 to Comply
Reported Friday, MaNaDr Receives Nasdaq Notice for Minimum Bid Price Rule Violation, Has Until March 2025 to Comply
Mobile-health Network Solutions (NASDAQ:MNDR) ("MaNaDr" or "the Company"), a leading Asia-Pacific telehealth provider, today announced that it received a notice dated September 18, 2024, from the Listings Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share of its Class A ordinary shares ("Class A Ordinary Shares") was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"). The Nasdaq notification letter does not result in the immediate delisting of the Company's Class A Ordinary Shares, and the shares will continue to trade uninterrupted under the symbol "MNDR."
Mobile-health Network Solutions (納斯達克:MNDR) ("MaNaDr"或"本公司"), 亞太地區領先的遠程醫療服務提供商，今天宣佈收到了納斯達克股票交易所（"納斯達克"）上市資格部門（"工作人員"）2024年9月18日日期的通知，通知公司的A類普通股（"A類普通股"）每股最低買盤價已連續低於1.00美元的30個工作日，公司未滿足納斯達克上市規則5550(a)(2)項規定的最低買盤價要求。納斯達克通知函並不會立即使公司的A類普通股退市，股票將繼續在"MNDR"標的下不間斷交易。
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until March 17, 2025 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Class A Ordinary Shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance, and the matter will be closed.
根據納斯達克上市規則5810(c)(3)(A)項規定，公司有一百八十（180）個日曆日的符合期，或至2025年3月17日（"符合期"）以重獲納斯達克最低買盤價要求的符合資格。如果在符合期間的任何時候，公司的A類普通股收盤買盤價連續至少10個工作日不低於1.00美元，納斯達克將向公司提供符合確認書，並處理完事項。
In the event the Company does not regain compliance by March 17, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten (10) business days prior to March 17, 2025, or the expiration of the second compliance period if granted.
如果公司在2025年3月17日之前未恢復符合資格，公司可能有資格獲得額外的180日寬限期。爲符合資格，公司需滿足公開持有股份市值持續上市要求以及納斯達克資本市場的所有其他首次上市標準（不含買盤價要求），並需要在第二符合期內提供解決不足意圖的書面通知，包括進行必要的股票合併。如果公司選擇進行股票合併，必須在2025年3月17日或第二符合期結束之前的最遲十（10）個工作日內完成合並。
譯文內容由第三人軟體翻譯。
