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Stock impact report

Big Tree Cloud Holdings Limited Receives Nasdaq Notification Regarding Minimum Market Value Deficiency

Big Tree Cloud Holdings Limited - Ordinary Shares (DSY) 
Company Research Source: PR Newswire
SHENZHEN, China, Aug. 9, 2024  /PRNewswire/ -- Big Tree Cloud Holdings Limited (the "Company"), a company devoted to the development, production, and sales of personal care products and other consumer goods in China, announced today that it has received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") dated August 5, 2024, notifying the Company that it is not in compliance with the minimum market value of publicly held shares ("MVPHS") requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum MVPHS of US$15 million and Nasdaq Listing Rule 5810(c)(3)(D) provides that the failure to meet the minimum MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVPHS of the Company for the last 33 consecutive business days, the Company did not meet the minimum MVPHS requirement.The No Show less Read more
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