Cuentas receives Nasdaq delisting notice for bid price below $1.00

Cuentas Inc.

Nasdaq notified Cuentas on June 21, 2022 that closing bid price was below $1.00 for 31 consecutive business days, violating Rule 5550(a)(2).
Company has 180 days, until December 19, 2022, to regain compliance by achieving bid price >= $1.00 for 10 consecutive business days.
If not compliant by December 19, 2022, Cuentas may be eligible for an additional 180-day grace period if it meets other listing standards.
Failure to regain compliance could lead to delisting from Nasdaq Capital Market; the company may appeal any delisting determination.

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