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On January 16, 2024, Green Giant Inc., a company incorporated in Florida and listed on the NASDAQ Capital Market, received a notice from Nasdaq Listing Qualifications Staff indicating the company's non-compliance with the minimum bid price requirement for continued listing. Specifically, Green Giant's common stock had a closing bid price below the $1.00 threshold, reaching as low as $0.10 for ten consecutive trading days from December 22, 2023, to January 12, 2024. The company is now facing potential delisting unless it successfully appeals before the Nasdaq Hearing Panel by January 23, 2024. Green Giant intends to request a hearing to maintain its listing, which will delay any suspension or delisting actions until the hearing process is completed. However, there is no guarantee that the Panel will grant...Show More
On January 16, 2024, Green Giant Inc., a company incorporated in Florida and listed on the NASDAQ Capital Market, received a notice from Nasdaq Listing Qualifications Staff indicating the company's non-compliance with the minimum bid price requirement for continued listing. Specifically, Green Giant's common stock had a closing bid price below the $1.00 threshold, reaching as low as $0.10 for ten consecutive trading days from December 22, 2023, to January 12, 2024. The company is now facing potential delisting unless it successfully appeals before the Nasdaq Hearing Panel by January 23, 2024. Green Giant intends to request a hearing to maintain its listing, which will delay any suspension or delisting actions until the hearing process is completed. However, there is no guarantee that the Panel will grant the company additional time to comply with the listing requirements or that Green Giant will be able to meet these requirements in the future. The company's liquidity and marketability could be significantly impacted if delisting occurs. The disclosure of this notice is in accordance with Nasdaq Listing Rule 5810(b). The report was signed by Yuhuai Luo, CEO and Chairman of Green Giant Inc., on January 18, 2024.
2024年1月16日，在佛罗里达州注册并在纳斯达克资本市场上市的公司Green Giant Inc. 收到纳斯达克上市资格工作人员的通知，表明该公司未遵守继续上市的最低出价要求。具体而言，绿巨普通股的收盘价低于1.00美元的门槛，从2023年12月22日至2024年1月12日连续十个交易日跌至0.10美元。除非该公司在2024年1月23日之前成功向纳斯达克听证会小组提出上诉，否则该公司现在可能面临退市风险。Green Giant打算要求举行听证会以维持其上市，这将把任何暂停或除名行动推迟到听证程序完成之后。但是，无法保证专家小组会给予该公司更多时间来遵守上市要求，也无法保证Green Giant将来能够满足这些要求。如果退市，公司的流动性和适销性可能会受到重大影响。本通知的披露符合纳斯达克上市规则5810（b）。该报告由绿巨公司首席执行官兼董事长罗宇怀于2024年1月18日签署。
2024年1月16日，在佛罗里达州注册并在纳斯达克资本市场上市的公司Green Giant Inc. 收到纳斯达克上市资格工作人员的通知，表明该公司未遵守继续上市的最低出价要求。具体而言，绿巨普通股的收盘价低于1.00美元的门槛，从2023年12月22日至2024年1月12日连续十个交易日跌至0.10美元。除非该公司在2024年1月23日之前成功向纳斯达克听证会小组提出上诉，否则该公司现在可能面临退市风险。Green Giant打算要求举行听证会以维持其上市，这将把任何暂停或除名行动推迟到听证程序完成之后。但是，无法保证专家小组会给予该公司更多时间来遵守上市要求，也无法保证Green Giant将来能够满足这些要求。如果退市，公司的流动性和适销性可能会受到重大影响。本通知的披露符合纳斯达克上市规则5810（b）。该报告由绿巨公司首席执行官兼董事长罗宇怀于2024年1月18日签署。
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