Yunhong CTI receives Nasdaq Panel decision; expects compliance with bid price rule

YUNHONG GREEN CTI LTD.

Nasdaq Panel grants exception: closing bid price must stay ≥$1 through Jan 17, 2023 for compliance.
Company met condition: bid price at or above $1 each session through Jan 17; expects notice of compliance.
Panel may impose a monitor later due to history of bid price issues and audit challenges.
Reported revenue $12.478M and negative net income $1.389M for quarter ended Sept 30, 2022.
Board authorized reverse stock split as backup but prefers organic price recovery.

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