regulatory
confidence high
sentiment negative
materiality 0.60
Hanryu Holdings gets Nasdaq extension until Feb 2025 to meet $1 bid price rule
Global Interactive Technologies, Inc.
- Received Nasdaq notice granting 180-day extension until Feb 3, 2025 to regain $1 minimum bid price compliance.
- Previously disclosed bid price deficiency in Feb 2024; stock had closed below $1 for 30 consecutive business days.
- Company will monitor bid price and consider options including reverse stock split; no assurance of regaining compliance.
- Additional listing requirements for market value of publicly held shares met except bid price.