Agm group holdings inc. receives staff determination notice from nasdaq and plans to appeal

Beijing, april 07, 2025 (globe newswire) -- agm group holdings inc. (“agm holdings” or the “company”) (nasdaq: agmh), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that the company received a staff determination notice (the “staff determination notice”) from the listings qualifications department of the nasdaq stock market llc (“nasdaq”) on april 1, 2025, notifying the company of the staff's determination to delist the company's securities because as of march 31, 2025, the company's class a ordinary shares have had a closing bid price below $0.10 for ten consecutive trading days, which subject the company to the provisions contemplated under listing rule 5810(c)(3)(a)(iii) (the “low priced stocks rule”). the company's securities will be suspended from trading on the nasdaq capital market at the opening of business on april 10, 2025, and a form 25-nse will be filed with the u.s. securities and exchange commission (the “sec”), which will remove the company's securities from listing and registration on the nasdaq stock market (the “suspension”), unless the company requests an appeal of such determination to nasdaq's hearings panel (the “panel”) by april 8, 2025.
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