Golden Bull Limited Received Nasdaq Notification Letter Regarding Deficiency in Minimum Bid Price
GOLDEN BULL LTD ORDINARY SHARES (DNJR)
Company Research
Source: PR Newswire
SHANGHAI, Sept. 28, 2019 /PRNewswire/ -- Golden Bull Limited (NASDAQ: DNJR) ("Golden Bull" or the "Company", an online finance marketplace, or "peer-to-peer" lending company in China that provides borrowers access to short-term loans announced today that the Company has received a notification letter from The NASDAQ Stock Market LLC ("Nasdaq") on September 26, 2019, notifying the Company that it is not in compliance with the Minimum Bid Price ("Bid Price") requirement. On September 26, 2019, Nasdaq sent the Company a notification letter stating that the minimum bid price per share for the Company's ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the Bid Price requirements set forth in Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Deficiency").The Bid Price Deficiency letter received has no immediate effect on the listing of the Company's ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company h
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