Bowen Acquisition Corp (BOWN) receives Nasdaq delisting notice for multiple listing rule failures

Bowen Acquisition Corp

Nasdaq delisting letter (July 15) cites four failures: market value <$50M, publicly held shares <1.1M, MV of public shares <$15M, total shareholders <400.
Trading halted July 15; securities will be suspended July 24 unless appeal requested by 4pm ET July 22.
Company intends to appeal to Nasdaq Hearings Panel and request stay of suspension pending hearing.
Pending business combination with Shenzhen Qianzhi BioTechnology Co. Ltd.; expects compliance upon completion.

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