TH International (THCH) has released an update.
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TH International Limited has been notified by Nasdaq that its stock does not meet the $1.00 minimum bid price required for continued listing, and has until January 15, 2025, to regain compliance. The company may undertake corrective actions such as a reverse stock split if necessary and has the possibility of an additional 180-day period to rectify the issue. This notice does not impact the company’s business operations.
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