Armlogi Holding Corp. Receives Nasdaq Notice for Noncompliance with Minimum Bid Price Rule

Reuters11-14
<a href="https://laohu8.com/S/BTOC">Armlogi Holding Corp.</a> Receives Nasdaq Notice for Noncompliance with Minimum Bid Price Rule

Armlogi Holding Corp. has announced that it received a notice from the Nasdaq Stock Market stating that its common stock is not in compliance with Nasdaq's minimum bid price requirement, as shares have closed below $1.00 for 30 consecutive business days. The company has 180 calendar days, until May 6, 2026, to regain compliance by having its stock close at or above $1.00 for at least 10 consecutive business days. Armlogi's shares will continue to trade on the Nasdaq Global Market under the symbol "BTOC" during this period. The company is considering various options to resolve the deficiency, including a potential transfer to the Nasdaq Capital Market or a reverse stock split, but there is no assurance of success in maintaining its listing.

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