ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN", "ZK International" or the "Company"), a pioneer in innovation and technology, and a global leader in the design and production of stainless steel products, is pleased to announce that the bid price deficiency concern raised by Nasdaq has been successfully resolved.
The Company has received written notification (the "Nasdaq Notice") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the "Listing Rules").
The Nasdaq Notice confirms that the Company has regained compliance with Listing Rule 5550(a)(2), as the Company's closing bid price exceeded US$1.00 for 10 consecutive business days from December 6, 2023 through December 20, 2023. Therefore, the Nasdaq Listing Qualifications Panel has decided to continue the listing of ZK International Group Co., Ltd.'s securities on The Nasdaq Stock Market. Consequently, the Panel has closed this matter, signifying the resolution of the bid price deficiency issue.
ZK International Group Co., Ltd. extends its sincere appreciation to Donohoe Advisory Associates LLC for their professionalism and expertise in guiding the company through this matter. The legal firm's support has been instrumental in achieving a successful resolution.
ZK International Group Co., Ltd. remains committed to maintaining the highest standards of corporate governance and compliance. The company appreciates the support of its shareholders and looks forward to continuing to deliver value through its innovative products and services.
ZK国际集团有限公司(纳斯达克股票代码:ZKIN)(“ZKIN”、“ZK International” 或 “公司”)是创新和技术的先驱以及不锈钢产品设计和生产的全球领导者,很高兴地宣布,纳斯达克提出的出价缺陷问题已成功得到解决。
公司已收到纳斯达克股票市场有限责任公司(“纳斯达克通知”)的书面通知(“纳斯达克通知”),通知该公司已恢复遵守纳斯达克资本市场继续上市规则(“上市规则”)中规定的最低出价要求。
纳斯达克公告证实,公司已恢复遵守上市规则5550(a)(2),因为从2023年12月6日至2023年12月20日,该公司的收盘出价连续10个工作日超过1.00美元。因此,纳斯达克上市资格小组决定继续ZK国际集团有限公司的上市。”纳斯达克股票市场上的 s 证券。因此,专家小组已结案,这标志着投标价格缺陷问题得到了解决。
ZK国际集团有限公司衷心感谢Donohoe Advisory Associates LLC在指导公司解决此事方面表现出的专业精神和专业知识。该律师事务所的支持对成功解决问题起到了重要作用。
ZK国际集团有限公司仍然致力于维持最高的公司治理和合规标准。该公司感谢股东的支持,并期待继续通过其创新的产品和服务创造价值。