regulatory
confidence high
sentiment negative
materiality 0.90
Agape ATP fails to regain bid price compliance; Nasdaq delisting scheduled for July 30; will appeal
Agape ATP Corp
- Received Nasdaq notice on July 19, 2024, for failing to regain minimum $1 bid price after 180-day period.
- Company also does not meet stockholders' equity requirement for initial listing on Nasdaq Capital Market.
- Unless appeal requested by July 26, delisting and suspension start July 30; Form 25-NSE to be filed.
- Company intends to appeal to Hearings Panel for additional time to regain compliance.
- No assurance that Panel will grant continued listing; stock remains at risk of delisting.