Summary by Moomoo AI
Jeffs' Brands Ltd, a data-driven e-commerce company listed on Nasdaq, has received an extension from Nasdaq to meet the minimum bid price requirement. The company was initially notified of its non-compliance with the $1 minimum bid price per share rule on April 25, 2024, and was given until October 22, 2024, to regain compliance. Having failed to meet this requirement within the first 180-day period, Jeffs' Brands submitted a request for an additional 180 days. Nasdaq granted the extension based on the company's compliance with other listing requirements and its intention to resolve the bid price deficiency, potentially through a reverse share split. The new deadline is set for April 21, 2025, and if the company's share price closes at or above $1 for...Show More
