Big Tree Cloud Regains Nasdaq Listing Compliance; Shares Rise 6.5%

MT Newswires Live09-25

Big Tree Cloud Holdings (DSY) said Wednesday that it has regained compliance with Nasdaq Global Market's minimum market value requirement.

The China-based personal care products company said its shares will continue to be listed on the exchange.

On Aug.5, Big Tree Cloud said it was notified by Nasdaq that it was not in compliance with the market value requirement of at least $15 million over the previous 30 consecutive trading days. To regain compliance, the company was required to maintain a minimum market value of $15 million for at least 10 consecutive trading days, which it met Sept. 20.

Shares of Big Tree were up 3.4%.

Price: 3.9600, Change: +0.13, Percent Change: +3.39

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