mF International granted 180 day extension from Nasdaq to regain compliance

mF International (MFI) has received an extension of 180 calendar days from Nasdaq to regain compliance with the Nasdaq’s minimum $1.00 bid price requirement set forth in Nasdaq Listing Rules for continued listing on Nasdaq, following the expiration of the initial 180 calendar days period to regain compliance on January 28. The company received a written notification from Nasdaq dated August 1, 2024, indicating that because the closing bid price of the company’s ordinary shares for the previous 30 consecutive business days was below $1.00 per share, the company was not in compliance with the Bid Price Requirement, and Nasdaq granted the company a period of 180 calendar days, or until January 28, 2025, to regain compliance with the Bid Price Requirement. The company is now eligible for an additional 180 calendar day period, or until July 28, to regain compliance with the Bid Price Requirement. The company is considering its options to regain compliance with the Bid Price Requirement.