SHANGHAI, CHINA / ACCESSWIRE / November 1, 2024 / Able View Global Inc. (Nasdaq:ABLV) ("Able View" or the "Company"), one of the largest comprehensive brand management partners of international beauty and personal care brands in China, today announced that on October 30, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Department ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement from September 18, 2024 through October 29, 2024. As set forth in the Nasdaq Listing Rules 5550(a)(2) ("Nasdaq Listing Rule"), it requires that the closing bid price for the Company's ordinary shares listed on the Nasdaq be maintained at a minimum of USD$1.
00 and failure to meet it for 30 consecutive trading days constitutes a compliance deficiency. The notification has no immediate effect on the listing of the Company's ordinary shares on the Nasdaq. In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until April 28, 2025, to regain compliance with the minimum bid price requirement, during which time the Company's ordinary shares will continue to trade on the Nasdaq Capital Market.
If at any time during this 180-day period, or before April 28, 2025, the closing bid price of the Company's ordinary shares is at least USD$1.00 per share for a minimum of ten consecutive business days, the Nasdaq will provide written notification th.
