Color Star Technology Co. announced that it has received a Bid Price Compliance Letter from the Nasdaq Listing Qualifications Staff of the NASDAQ Stock Market LLC notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. On December 22, 2022, Nasdaq notified the company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).
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