AirNet Technology (ANTE)announced that the company received a notification letter from Nasdaq notifying the company that it is no longer in compliance with the requirement of maintaining a minimum of $2.5M in stockholders’ equity for continued listing on Nasdaq set forth in Nasdaq Listing Rule 5550(b)(1) based on the company’s reported stockholders’ equity in its Form 20-F for the year ended December 31, 2024, which is below the foregoing requirement of minimum stockholders’ equity. In addition, the company does not currently meet the alternative standards of compliance from its market value of listed securities or net income from continuing operations.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANTE:
- AirNet Technology Delays Annual Report Filing
- AirNet Technology to Terminate Deposit Agreement and Directly List Shares
- AirNet Technology announces termination of deposit agreement
- AirNet Technology files to sell 15.56MM ordinary shares for holders
- AirNet Technology Reenters Cryptocurrency Mining with Strategic Bitcoin Focus