Future FinTech Group Inc. (FTFT): Nasdaq/NYSE listing notice — Future FinTech receives Nasdaq bid-price deficiency notice; 180 days to cure

Future FinTech Group Inc.

Nasdaq notified FTFT on May 13, 2024 that closing bid price was below $1.00 for 30 consecutive days.
Company has until November 11, 2024 to regain compliance with Minimum Bid Price Requirement.
If bid price closes at $1.00+ for 10 consecutive days within the period, compliance will be achieved.
If not cured, FTFT may qualify for an additional 180-day period by meeting other Nasdaq Capital Market listing standards.
Company intends to monitor the bid price and consider all options, including a reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

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

Future FinTech Group Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

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

Exact text from the filing

May 13, 2024, Future FinTech Group Inc. (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock. In accordance

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Source: SEC EDGAR

accession 0001213900-24-043620

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