Lianluo Smart Announces Receipt of Nasdaq Non-compliance of Stockholders' Equity Notification
LIANLUO SMART LTD COMMON (LLIT)
US:NASDAQ Investor Relations:
lianluosmart.com/index/investor/index.html
Company Research
Source: PR Newswire
BEIJING, Jan. 6, 2020 /PRNewswire/ -- Lianluo Smart Limited (the "Company") announced today that it has received a letter from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on January 2, 2020, providing notification that the Company no longer complies with the minimum of $2.5 million in stockholders' equity for continued listing on The Nasdaq Capital Market under Nasdaq's Listing Rule 5550(b)(1) and that the Company also does not comply with either of the two alternative standards of Listing Rule 5550(b), the market value standard and the net income standard.The notification of noncompliance has no immediate effect on the listing or trading of the Company's common shares on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rules, the Company has 45 calendar days following the date of the notification, or no later than February 17, 2020, to submit a plan to regain compliance with Nasdaq's applicable listing standards. If the plan is accepted by Nasdaq, th
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