Nano Labs Announces Receipt of Deficiency Letters from Nasdaq [Yahoo! Finance]
Nano Labs Ltd - Class A Ordinary Shares (NA)
Company Research
Source: Yahoo! Finance
design company and product solution provider in China, today announced that it received two notification letters dated May 24, 2024 (the "Deficiency Letters") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq continued listing criteria, including (1) the Nasdaq Listing Rule 5450(b)(2)(A) due to its failure to maintain a minimum of $50 million in market value of listed securities; (2) the Nasdaq Listing Rule 5450(a)(1) due to its failure to maintain a minimum bid price of US$1 per share. Nasdaq also determined that the Company does not meet the alternatives of total assets and total revenue for continued listing. The Deficiency Letters do not result in the immediate delisting of the Company's Class A ordinary shares on the Nasdaq Global Market. The Company has 180 calendar days from the date of the Deficiency Letters, or until November 19, 2024 , to regain compliance with Nas
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News
- Nano Labs Announces Receipt of Deficiency Letters from NasdaqPR Newswire
- China's Nano Labs rise on launch of Cuckoo3.0 chip [Seeking Alpha]Seeking Alpha
- Nano Labs Launches New Product Cuckoo3.0 Chip with Significant Improvements in Performance and Energy EfficiencyPR Newswire
- Mr. Kong, Nano Labs' Chairman and CEO, Increased His Shareholding in the Company [Yahoo! Finance]Yahoo! Finance
- Mr. Kong, Nano Labs' Chairman and CEO, Increased His Shareholding in the CompanyPR Newswire
NA
Sec Filings
- 6/21/24 - Form 4
- 6/4/24 - Form 6-K
- 6/3/24 - Form F-1/A
- NA's page on the SEC website