ZK International Group resolves Nasdaq bid price deficiency

ZK International Group announces that the bid price deficiency concern raised by Nasdaq has been successfully resolved. The Company has received written notification from The Nasdaq Stock Market notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market. The Nasdaq Notice confirms that the Company has regained compliance with Listing Rule 5550(a)(2), as the Company’s closing bid price exceeded US$1.00 for 10 consecutive business days from December 6, 2023 through December 20, 2023. Therefore, the Nasdaq Listing Qualifications Panel has decided to continue the listing of ZK International Group Co., Ltd.’s securities on The Nasdaq Stock Market. Consequently, the Panel has closed this matter, signifying the resolution of the bid price deficiency issue.