SHINECO, INC.: Nasdaq/NYSE listing notice — Shineco regains Nasdaq minimum bid price compliance; delisting matter closed

SHINECO, INC.

Nasdaq notified Shineco on Nov 26, 2024 of bid price non-compliance as of Sept 3, 2024.
Company regained compliance after closing bid price at or above $1.00 for 10 consecutive business days (Nov 12-25).
Nasdaq considers the matter closed; company will continue to monitor bid price.
If future non-compliance occurs, Nasdaq may again initiate delisting proceedings.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SHINECO, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 26, 2024, Shineco Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock (the “Common Stock”) for the last 30 consecutive business days prior to September 3, 2024, the Company was not in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). Since then, Nasdaq has determined t

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Source: SEC EDGAR

accession 0001493152-24-048666

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