Carbon Revolution (CREV) announced that the company has received a notification letter from Nasdaq notifying the company that, based upon the company’s annual report on Form 20-F for the fiscal year ended June 30, 2024 which was filed with the SEC on May 14, the company is not in compliance with the minimum stockholder’s equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A), which requires companies listed on the Nasdaq Global Select Market to maintain a minimum of $10,000,000 in stockholders’ equity for continued listing.
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