Next Technology Holding Inc. (NXTT): Nasdaq/NYSE listing notice — WeTrade Group receives Nasdaq bid price deficiency notice; 180-day cure period until July 10, 2023

Next Technology Holding Inc.

Received Nasdaq deficiency letter on Jan 11, 2023 for failure to maintain $1.00 minimum bid price over 30 consecutive business days.
Compliance period of 180 calendar days, until July 10, 2023, to regain compliance.
To regain compliance, closing bid price must be at least $1.00 for ten consecutive business days.
If not cured, company may apply for additional 180-day period if eligible; risk of delisting if unable to cure.
No immediate impact on listing; stock continues trading on Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

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

Next Technology Holding 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

January 11, 2023, WeTrade Group Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) regarding the Company’s failure to comply with Nasdaq Continued Listing Rule (“Rule”) 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. A failure to comply with Rule 5550(a)(2) exists when listed securities fail to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days. Based on the closing bid price for the last 30 consecutive business days, the Company failed to

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Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-000340

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