2 weeks Ago By Defense World Staff
On November 12, 2024, Future FinTech Group Inc. (NASDAQ:FTFT) announced that it had received a written notification from the NASDAQ Stock Market Listing Qualifications Staff granting the company an additional 180-day period, until May 12, 2025, to regain compliance with the $1.00 minimum closing bid price requirement for continued listing on the NASDAQ Capital Market.
NASDAQ’s decision to grant this extension was based on Future FinTech Group Inc. meeting the continued listing requirement for the market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ Capital Market, except for the bid price requirement. The company has informed NASDAQ of its intention to cure the deficiency during this second compliance period by potentially effecting a reverse stock split.
The company stated that it will closely monitor the closing bid price of its common stock shares and explore various options to regain compliance before the specified deadline of May 12, 2025. This announcement indicates Future FinTech Group Inc.’s commitment to addressing the bid price requirement and its proactive approach to ensuring compliance with NASDAQ regulations within the provided timeframe.
No further details regarding the company’s specific strategies for regaining compliance were disclosed in the filing. This news regarding the extension provided by NASDAQ to Future FinTech Group Inc. will be of interest to investors and stakeholders following the company’s listing compliance status.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Future FinTech Group’s 8K filing here . About Future FinTech Group ( Get Free Report ) Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China.
It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business. Read More Five stocks we like better than Future FinTech Group The Risks of Owning Bonds SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why Russell 2000 Index, How Investors Use it For Profitable Trading Celsius Holdings: Big Drop, Big Opportunity? Analysts Say Yes Why Invest in 5G? How to Invest in 5G Stocks Is Palantir’s AI Edge Enough to Justify Its Price?.
