Metalpha Technology receives noncompliance notice from Nasdaq

Metalpha Technology announced that it received a written notice from Nasdaq which states the company has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550 and currently meets all other applicable criteria for continued listing. As previously announced, the company received a written notification on September 21 from Nasdaq that the company was not in compliance with the minimum bid price requirement as the closing bid price of the company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810, the company was provided 180 calendar days, or until March 20, to regain compliance with the minimum bid price requirement. To regain compliance, the company’s ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.