China Liberal Education Gets Nasdaq Noncompliance Notice on Minimum Bid Price

MT Newswires Live08-24

China Liberal Education Holdings (CLEU) said Friday it has received a notification letter from Nasdaq stating that it's not in compliance with the stock exchange's minimum bid price requirement.

The notification doesn't impact its listing on Nasdaq at this time, the company said, adding it has been given until Feb. 17, 2025, to regain compliance.

China Liberal said that to regain compliance, its shares must have a closing bid price of at least $1 for at least 10 consecutive business days.

The company said it may implement options including a reverse stock split to regain compliance with the requirement.

Price: 0.2436, Change: +0.01, Percent Change: +2.35

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment