ATIF Holdings Ltd (ZBAI): Nasdaq/NYSE listing notice — ATIF Holdings receives Nasdaq deficiency notice for stockholders' equity below $2.5M minimum

ATIF Holdings Ltd

Stockholders' equity of $1,539,353 as of July 31, 2023, below Nasdaq's $2,500,000 minimum.
Has until January 8, 2024 to submit a compliance plan under Nasdaq Listing Rule 5550(b)(1).
If plan accepted, company may have until May 20, 2024 to regain compliance.
Notice does not immediately affect trading on Nasdaq Capital Market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ATIF Holdings Ltd received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

November 22, 2023, ATIF Holdings Limited (the “Company”) received a notice (the “Notice”) from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the period ended July 31, 2023 (“2023 10-K”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2,500,000. In its 2023 10-K, the Company reported stockholders’ equity of $1,539,353

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ATIF Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001213900-23-089901

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