BEIJING - AGM Group Holdings Inc. (NASDAQ: AGMH), a technology company specializing in fintech software and high-performance computing equipment, disclosed on Monday that it has received a warning from the Nasdaq Stock Market due to its stock price falling below the required minimum.
The Nasdaq notification, received on July 15, indicates that AGMH's shares have not met the minimum bid price of $1.00 for 30 consecutive business days, as stipulated by Nasdaq Listing Rule 5550(a)(2). Despite this notice, the trading of AGMH's securities on the Nasdaq remains unaffected at present.
AGMH has been granted a 180-day period, ending on January 13, 2025, to regain compliance with Nasdaq's listing requirements. Compliance can be achieved if the company's share price closes at or above $1.00 for at least ten consecutive business days within this timeframe. If AGMH fails to meet this criterion by the deadline, it may be allowed an additional 180 days to comply.
The company has stated its intention to closely monitor its share price and assess possible strategies to satisfy Nasdaq's continued listing standards.
AGM Group Holdings, established in April 2015 and based in Beijing, aims to be a significant player in the global fintech and blockchain sectors. The company's plans and future expectations, as mentioned in the press release, are forward-looking statements subject to various risks and uncertainties that could cause actual outcomes to diverge from those projected.
This news is based on a press release statement and does not reflect the views of the Wall Street Journal or its journalists.
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