Solidion Technology receives Nasdaq minimum bid price deficiency notice

Solidion Technology Inc.

Nasdaq staff notified Solidion on Aug 1, 2024 that stock bid price closed below $1.00 for 30 consecutive days.
Company has 180 calendar days, until Jan 28, 2025, to regain compliance with bid price ≥ $1.00 for 10 consecutive business days.
If not compliant by deadline, may qualify for a second 180-day grace period by transferring to Nasdaq Capital Market.
Company is evaluating potential actions to cure the deficiency; no decisions have been made yet.
Failure to regain compliance could lead to delisting of STI from Nasdaq Global Market.

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