GD Culture Group Limited announced on April 1, 2025, that it received a written notification from Nasdaq dated March 20, 2025. The notification indicated that the company is no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2.5 million in stockholders' equity.
Based on the company's Form 10-K for the fiscal year ended December 31, 2024, GDC reported stockholders' equity of $2,643. Nasdaq also determined that the company does not meet the alternative requirements for market value of listed securities or net income from continuing operations.
The notification does not immediately affect the company's Nasdaq listing. GDC has 45 calendar days, until May 4, 2025, to submit a plan to regain compliance. The company is exploring options to address the deficiency and maintain its listing.
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