regulatory
confidence high
sentiment negative
materiality 0.60
Addentax receives 180-day Nasdaq extension to April 21, 2025 to fix bid price
ADDENTAX GROUP CORP.
- Nasdaq granted extension until April 21, 2025 after company failed to meet $1.00 minimum bid price.
- To regain compliance, closing bid must be $1.00+ for at least 10 consecutive business days.
- Company has stockholder approval to effect reverse stock split if needed to cure deficiency.
- If not compliant by April 21, 2025, Nasdaq will issue delisting notice; company may appeal.