RocketRider
:
Lichen China Ltd. (LICN) first experienced a closing bid price below $1.00 on December 6, 2024, when it closed at $0.49.
According to Nasdaq Listing Rule 5550(a)(2), a company is considered non-compliant if its closing bid price remains below $1.00 for 30 consecutive business days.
If LICN’s stock continues to close below $1.00 through January 19, 2025, it would complete 30 consecutive business days below the threshold, prompting a non-compliance notice from Nasdaq.
Upon receiving such a notice, LICN would typically have 180 calendar days to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days within this period.
Failure to meet this requirement could result in delisting from the Nasdaq Capital Market.
Andy-Lai : I don't know.
RocketRider : Lichen China Ltd. (LICN) first experienced a closing bid price below $1.00 on December 6, 2024, when it closed at $0.49.
According to Nasdaq Listing Rule 5550(a)(2), a company is considered non-compliant if its closing bid price remains below $1.00 for 30 consecutive business days.
If LICN’s stock continues to close below $1.00 through January 19, 2025, it would complete 30 consecutive business days below the threshold, prompting a non-compliance notice from Nasdaq.
Upon receiving such a notice, LICN would typically have 180 calendar days to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days within this period.
Failure to meet this requirement could result in delisting from the Nasdaq Capital Market.
Andy-Lai : Haha
Tommy Feng RocketRider : You're wordy, trust you
Andy-Lai Tommy Feng :