Summary by Moomoo AI
Maison Solutions received a Nasdaq Staff Deficiency Letter on September 17, 2024, indicating non-compliance with the minimum bid price requirement of $1.00 per share for the past 30 consecutive business days under Nasdaq Listing Rule 5550(a)(2).The company has been granted an initial 180-day compliance period until March 17, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least 10 consecutive business days. The deficiency notice has no immediate impact on the stock's listing or trading status.If compliance is not achieved within the initial period, Maison Solutions may be eligible for an additional 180-day extension, provided it meets other Nasdaq listing requirements and demonstrates intention to cure the deficiency. The company is actively monitoring the situation and considering all available options to resolve the issue.
