Airnet regains compliance with nasdaq minimum bid price requirement

Houston , dec. 29, 2022 /prnewswire/ -- airnet technology inc., formerly known as airmedia group inc. ("airnet" or the "company") (nasdaq: ante), today announced that it received a notification letter (the "notification letter on compliance") from the listing qualifications department of the nasdaq stock market inc. ("nasdaq") on december 27, 2022, indicating that the company has regained compliance with the minimum bid price requirement set forth in rule 5550(a)(2) of the nasdaq listing rules. as previously announced, on october 20, 2022, the nasdaq notified the company of its non-compliance with the nasdaq's minimum bid price requirement because, as of october 20, 2022, the company's closing bid price per american depositary share ("ads") was less than us$1.00 per ads over the previous 30 consecutive business days.
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