Inno Holdings receives Nasdaq delisting notice for bid price non-compliance; to appeal

INNO HOLDINGS INC.

On Oct 10, 2024, Nasdaq notified Inno Holdings of delisting for failure to maintain $1.00 minimum bid price.
Company intends to appeal by 4:00pm ET on Oct 17, 2024; hearing typically scheduled ~45 days after request.
On Oct 8, filed 1-for-10 reverse stock split; trading began on split-adjusted basis Oct 10.
Expects to regain compliance by Oct 24, 2024, by closing above $1 for 10 consecutive days; delisting would be withdrawn.

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