Golden Sun announced the company received a staff determination letter from the Listing Qualifications Department of Nasdaq notifying the company that, due to the company’s failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550, the staff has determined that company’s securities will be scheduled for delisting from Nasdaq unless the company requests an appeal of this determination to a hearings panel.
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