Color star technology received nasdaq notification letter regarding bid price deficiency

New york, nov. 16, 2023 (globe newswire) -- color star technology co., ltd. (nasdaq: add) ("color star" or the "company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that on november 14, 2023, the company received a notification letter from the nasdaq listing qualifications staff of the nasdaq stock market llc (“nasdaq”) notifying the company that the minimum bid price per share for its class a ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the minimum bid price requirements set forth in nasdaq listing rule 5550(a)(2).
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