Sentage Holdings Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of
The Notification does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until
The Company's business operations are not affected by the Notification. The Company intends to monitor the closing bid prices of its ordinary shares and may, if appropriate, consider available options, including, but not limited to, implementing a reverse share split of its ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company’s registration statement.
For more information, please contact:
Investor Relations Department
Ascent Investor Relations LLC
Tel: +1 917-609-0333
Source: Sentage Holdings Inc.