Earlyworks Co., Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]
Earlyworks Co., Ltd. (ELWS)
Company Research
Source: Yahoo! Finance
proprietary private blockchain technology, Grid Ledgers System (“GLS”), received a written notification (the “Notification Letter”) from the Nasdaq Stock Market, LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Notification Letter confirmed that the Company's ADSs on Nasdaq had traded above $1.00 per ADS for 20 consecutive business days from May 16, 2024 to June 14, 2024 and that the Company has regained compliance with the Minimum Bid Price Requirement. Nasdaq's Determination to Continue the Listing of the Company's ADSs As previously disclosed in the Company's press release dated May 13, 2024, the Company received a staff determination letter from Nasdaq, on May 1, 2024, notifying the Company that, due to the Company's failure to regain compliance with the Minimum Bid Price Requirement, Nasdaq had determined (th
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