Global Interactive Technologies, Inc. (GITS): Nasdaq/NYSE listing notice — Hanryu Holdings receives Nasdaq deficiency notice for bid price below $1.00

Global Interactive Technologies, Inc.

Received Nasdaq deficiency letter on Feb 5, 2024: stock bid price below $1.00 per share for 30 consecutive business days.
Has until August 5, 2024 to regain compliance; must close at $1.00+ for 10 consecutive business days.
If not compliant by Aug 5, may qualify for second 180-day period if it meets other Nasdaq initial listing standards.
No immediate delisting; stock continues trading on Nasdaq Capital Market under symbol HRYU. Company considering options.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Global Interactive Technologies, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

February 5, 2024, Hanryu Holdings, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s common stock, a

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Global Interactive Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-012234

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