Webuy Receives Extension to Regain Compliance with Nasdaq’s Minimum Bid Requirements
WEBUY GLOBAL LTD. (WBUY)
Company Research
Source: GlobeNewswire
Singapore, July 26, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that, following the receipt of a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on January 26, 2024 regarding the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on the Nasdaq Capital Market, it received written notification from Nasdaq, providing an additional 180 calendar days, or until January 21, 2025, to regain compliance with the minimum bid price of U.S. $1.00, as required by Nasdaq Listing Rule. Under Nasdaq Listing Rule 5810(c)(3)(A), if at any time over this period the bid price of Webuy’s shares closes at U.S. $1.00 per share or more for a minimum of ten consecutive business days (save for Nasdaq’s discretion to require the Company to maintain a bid price of at least $1.00 p
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Sec Filings
- 11/1/24 - Form 424B2
- 10/15/24 - Form EFFECT
- 10/7/24 - Form F-1/A
- WBUY's page on the SEC website