Chanson International Holding announced on March 13, 2025, that it received a letter from The Nasdaq Stock Market LLC on March 10, 2025. The notification indicated that the company was not in compliance with Nasdaq Marketplace Rule 5550(a)(2) due to its Class A ordinary shares failing to maintain a minimum bid price of $1.00 over the preceding 30 consecutive business days.
This deficiency notification initiates a compliance period during which Chanson International Holding must take steps to regain compliance with Nasdaq's listing requirements. Failure to do so could lead to the delisting of its securities from the Nasdaq Capital Market.
The company's ability to address this minimum bid price deficiency is crucial for maintaining its listing and ensuring continued access to public capital markets. This regulatory challenge highlights the importance of stock performance relative to exchange requirements.
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