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Kaival Brands Innovations | 8-K: Current report

Kaival Brands Innovations | 8-K: Current report

Kaival Brands Innovations | 8-K:重大事件
美股SEC公告 ·  09/21 05:03

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On September 16, 2024, Kaival Brands Innovations Group, Inc., trading under the symbol KAVL on The Nasdaq Stock Market, received a notification from Nasdaq regarding non-compliance with the minimum closing bid price rule. The company's common stock had closed below the required $1.00 per share for 30 consecutive business days. Despite this, the common stock will continue to be listed on The Nasdaq Capital Market. Kaival Brands has been granted a 180-day period, until March 17, 2025, to meet the minimum bid price requirement. If the company's stock closes at $1.00 or higher for at least 10 consecutive trading days before this deadline, it will regain compliance. Failing to comply within the initial period may result in an additional 180 days to demonstrate compliance, provided the company meets other listing standards and potentially considers a reverse stock split. Non-compliance after this extension could lead to delisting from Nasdaq.
On September 16, 2024, Kaival Brands Innovations Group, Inc., trading under the symbol KAVL on The Nasdaq Stock Market, received a notification from Nasdaq regarding non-compliance with the minimum closing bid price rule. The company's common stock had closed below the required $1.00 per share for 30 consecutive business days. Despite this, the common stock will continue to be listed on The Nasdaq Capital Market. Kaival Brands has been granted a 180-day period, until March 17, 2025, to meet the minimum bid price requirement. If the company's stock closes at $1.00 or higher for at least 10 consecutive trading days before this deadline, it will regain compliance. Failing to comply within the initial period may result in an additional 180 days to demonstrate compliance, provided the company meets other listing standards and potentially considers a reverse stock split. Non-compliance after this extension could lead to delisting from Nasdaq.
2024年9月16日,Kaival Brands Innovations Group, Inc.在納斯達克證券交易所以股票代碼KAVL進行交易,收到了來自納斯達克關於不符合最低收盤買盤價格規定的通知。該公司的普通股連續30個工作日收盤價低於所需的每股1.00美元。儘管如此,該普通股將繼續在納斯達克資本市場上市。Kaival Brands獲得了180天的期限,直到2025年3月17日,以滿足最低買盤價格要求。如果該公司的股票在此截止日期前至少連續10個交易日收盤價達到1.00美元或更高,它將恢復合規性。未能在最初期限內遵守規定可能會導致額外的180天來證明合規性,前提是公司符合其他上市標準,並可能考慮進行股票的逆向拆分。在此延期後仍未符合規定可能導致在納斯達克上市交易中除牌。
2024年9月16日,Kaival Brands Innovations Group, Inc.在納斯達克證券交易所以股票代碼KAVL進行交易,收到了來自納斯達克關於不符合最低收盤買盤價格規定的通知。該公司的普通股連續30個工作日收盤價低於所需的每股1.00美元。儘管如此,該普通股將繼續在納斯達克資本市場上市。Kaival Brands獲得了180天的期限,直到2025年3月17日,以滿足最低買盤價格要求。如果該公司的股票在此截止日期前至少連續10個交易日收盤價達到1.00美元或更高,它將恢復合規性。未能在最初期限內遵守規定可能會導致額外的180天來證明合規性,前提是公司符合其他上市標準,並可能考慮進行股票的逆向拆分。在此延期後仍未符合規定可能導致在納斯達克上市交易中除牌。
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