Urban Tea Regains Compliance with NASDAQ Minimum Stockholders' Equity Requirement
Urban Tea, Inc. - Ordinary Shares (MYT)
Company Research
Source: PR Newswire
CHANGSHA, China, Nov. 11, 2019 /PRNewswire/ -- Urban Tea, Inc. (NasdaqCM: MYT) (the "Company", "we" or "Urban Tea"), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that it has regained compliance with Nasdaq's minimum stockholders' equity requirements.November 4, 2019, the Company received a written notification from the NASDAQ Listings Qualification Staff (the "Staff") indicating that the Company has regained compliance with the minimum stockholders' equity requirements for the NASDAQ Capital Market pursuant to Listing Rule 5550(b)(1) (the "Minimum Stockholders' Equity Requirement") as the Company's stockholders' equity is $9,151,867 as evidenced in the Form 20-F filed by the Company on October 25, 2019 with United States Securities and Exchange Commission for the year ended June 30, 2019. About Urban Tea, Inc.Urban Tea, Inc. is an emerging specialty tea product distributer and retailer headquartered in Changsha City, Hunan Province, Chin
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