Summary by Moomoo AI
On May 16, 2024, Nukkleus Inc., trading under the symbol 'NUKK' on the Nasdaq Global Market, received notification from Nasdaq that it is not in compliance with the minimum Market Value of Publicly Held Shares (MVPHS) and the minimum Market Value of Listed Securities (MVLS) for continued listing. The company's MVPHS and MVLS fell below the required thresholds of $15,000,000 and $50,000,000, respectively, during the period from April 1, 2024, to May 15, 2024. Despite the non-compliance, there is no immediate impact on the trading of Nukkleus Inc.'s common stock on Nasdaq. The company has been granted a 180-day period, until November 12, 2024, to regain compliance with both requirements. Nukkleus Inc. plans to actively monitor its market values and explore options to regain compliance, although there is no guarantee of achieving this.