other material
confidence high
sentiment positive
materiality 0.60
Addentax regains Nasdaq minimum bid price compliance; delisting risk removed
ADDENTAX GROUP CORP.
- Nasdaq confirmed closing bid price at or above $1.00 for 10 consecutive business days (Feb 7-21, 2025).
- Company had been non-compliant since April 2024 and received two 180-day cure periods.
- Compliance with Nasdaq Listing Rule 5450(a)(1) fully restored; matter closed.
- Press release issued March 3, 2025 announcing the milestone.