SRIVARU Holding Limited Secures Nasdaq Panel Approval for Continued Listing Amid Compliance Efforts
SRIVARU Holding Limited (SVMH)
Company Research
Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, Sept. 19, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ("SRIVARU" or the "Company"), a leading innovator in the electric motorcycle market, today announced that it has received a favorable decision from the Nasdaq Hearings Panel (the “Panel”). The Panel’s decision grants the Company’s request for continued listing on Nasdaq, which we believe will provide SRIVARU the necessary time to implement its plan to regain compliance with Nasdaq's listing requirements. Following the Company’s hearing on September 5, 2024, the Panel has stipulated specific conditions for continued listing. SRIVARU must fulfill the below requirements by November 14, 2024: Submitting a public filing and financial statements that confirm the Company meets Nasdaq’s shareholder equity requirements; and Providing detailed income projections for the next 12 months, including all underlying assumptions. If the Company is able to demonstrate compliance with the
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News
- SRIVARU Holding Completes the Interim Audit and Advances Plan to Comply with Nasdaq Listing StandardsGlobeNewswire
- SRIVARU (SVMH) Announces Closing of Upsized $6.8 Million Underwritten Public OfferingGlobeNewswire
- SRIVARU (SVMH) Announces Pricing of Upsized $6.8 Million Underwritten Public OfferingGlobeNewswire
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- SRIVARU (SVMH) Begins PRANA 2.0 Vehicle Deliveries and Revenue GenerationAccesswire