Green Giant Inc.: Nasdaq/NYSE listing notice — Green Giant Inc. receives Nasdaq delisting notice for bid price non-compliance

Green Giant Inc.

Received Nasdaq notice on Jan 16, 2024; bid price below $1.00 and closed at $0.10 or less for 10 consecutive days.
Company intends to request a hearing by Jan 23, 2024 to stay delisting; no assurance of reversal.
If delisted, liquidity and marketability of common stock would be adversely affected.

Key facts

Extracted from this filing and checked against the source text.

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

Green Giant Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iii)

Exact text from the filing

January 16, 2024, Green Giant Inc. (the “Company”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) Listing Qualifications Staff (the “Staff”) stating that the Staff has determined, unless the Company timely requests an appeal of the Staff’s determination, before Nasdaq’s Hearing Panel (the “Panel”), by January 23, 2024, to delist the Company’s common stock from the Nasdaq Capital Market because the Company is not in compliance with the $1.00 minimum bid price requirement (the “Minimum Bid Price”) for continued listing set forth in the Nasdaq Listing Rule 5550(a)(2) and had a clos

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Source: SEC EDGAR

accession 0001213900-24-004586

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