BTC Digital Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Meten Holding Group Ltd. - Ordinary Shares (METX)
Company Research
Source: PR Newswire
SHENZHEN, China, Sept. 12, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ: METX), a blockchain technology company, today announced that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on September 8, 2023, notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed.As previously disclosed, the Company received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") on September 16, 2022, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the "Bid Price Rule"), as the closing bid price for the Company's ordinary shares had been below $1.00 per share for the preceding 30 consecutive business days. In accordance with the Nasdaq Listing Rules, the Company was provided two 180-day compliance periods, or until September 11, 2023, to regain compli
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