Caravelle announced that it received a notification letter dated June 7, from The Nasdaq Stock Market, indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2) due to the closing bid price for the company’s ordinary shares being below $1.00 per share for the last 30 consecutive business days.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly