Luokung Granted Extension To Meet Nasdaq Minimum Bid Price Requirement
Luokung Granted Extension To Meet Nasdaq Minimum Bid Price Requirement
Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that on May 2, 2024, the Company received an additional 180 calendar day extension ("Second Compliance Grace Period") from Nasdaq's Listing Qualifications Department to meet Nasdaq's continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until October 28, 2024 to regain compliance.
納斯達克上市的一家領先的時空智能大數據服務公司和互動式基於位置的服務（“LBS”）及高清晰度地圖（“HD Maps”）的提供商籮筐技術（Luokung Technology Corp. (NASDAQ:LKCO)）宣佈，該公司於2024年5月2日收到了來自納斯達克上市規定部門的額外180個日曆日延期（“第二次合規寬限期”），以滿足納斯達克持續上市要求，在連續10個交易日中維持每股股價不低於1.00美元。該公司現在有時間直到2024年10月28日恢復合規。
Nasdaq's extension notice has no immediate effect on the continued listing status of the Company's ordinary shares on Nasdaq. If at any time before October 28, 2024 , the bid price of the Company's ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Nasdaq Listing Rules, and the matter will be closed.
納斯達克的延期通知對該公司普通股在納斯達克上的持續上市地位沒有立即影響。如果在2024年10月28日之前，公司普通股的買盤價在連續10個交易日內收於或高於每股1.00美元，公司就將恢復納斯達克上市規則的合規性，此事將得到解決。
The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A) on November 3, 2023, and was given until May 1, 2024 to regain compliance.
該公司於2023年11月3日首次受到納斯達克上市規則5550(a)(2)和5810(c)(3)(A)下未能連續30個交易日維持每股1.00美元最低買盤價的通知，並獲得至2024年5月1日恢復合規的時間。