Reported Friday, MaNaDr Receives Nasdaq Notice for Minimum Bid Price Rule Violation, Has Until March 2025 to Comply
Reported Friday, MaNaDr Receives Nasdaq Notice for Minimum Bid Price Rule Violation, Has Until March 2025 to Comply
Mobile-health Network Solutions (NASDAQ:MNDR) ("MaNaDr" or "the Company"), a leading Asia-Pacific telehealth provider, today announced that it received a notice dated September 18, 2024, from the Listings Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share of its Class A ordinary shares ("Class A Ordinary Shares") was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"). The Nasdaq notification letter does not result in the immediate delisting of the Company's Class A Ordinary Shares, and the shares will continue to trade uninterrupted under the symbol "MNDR."
亚太地区领先的远程医疗提供商移动健康网络解决方案（纳斯达克股票代码：MNDR）（“ManadR” 或 “公司”）今天宣布，它收到了纳斯达克股票市场有限责任公司（“纳斯达克”）上市资格部门（“员工”）于2024年9月18日发出的通知，通知该公司其A类普通股（“A类普通股”）的每股最低出价低于1.00美元连续30个工作日，且公司未满足《纳斯达克上市规则》中规定的最低出价要求5550 (a) (2)（“最低出价规则”）。纳斯达克通知信并未导致该公司的A类普通股立即退市，股票将继续不间断地以 “MNDR” 的代码进行交易。
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until March 17, 2025 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Class A Ordinary Shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance, and the matter will be closed.
根据纳斯达克上市规则5810（c）（3）（A），公司的合规期为一百八十（180）个日历日，或直到2025年3月17日（“合规期”），以重新遵守纳斯达克的最低出价要求。如果在合规期内的任何时候，公司A类普通股的每股收盘价在连续十（10）个工作日内至少为1.00美元，纳斯达克将向公司提供书面合规确认书，此事将结案。
In the event the Company does not regain compliance by March 17, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten (10) business days prior to March 17, 2025, or the expiration of the second compliance period if granted.
如果公司在2025年3月17日之前仍未恢复合规，则公司可能有资格再延长180个日历日的宽限期。要获得资格，公司必须满足公开持股市值的持续上市要求和纳斯达克资本市场的所有其他初始上市标准，投标价格要求除外，并且需要提供书面通知，说明其打算在第二个合规期内弥补缺陷，包括在必要时进行反向股票拆分。如果公司选择实施反向股票拆分，则必须在2025年3月17日之前的十（10）个工作日内完成分割，如果获得批准，则必须在第二个合规期到期前完成。
