Airnet announces receipt of minimum bid price notice from nasdaq

Beijing, dec. 01, 2023 (globe newswire) -- 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”) from the listing qualifications department of the nasdaq stock market inc. (“nasdaq”) dated on november 27, 2023 indicating that the company is no longer in compliance with the minimum bid price requirement set forth in rule 5550(a)(2) of the nasdaq listing rules as the company's closing bid price per american depositary share (“ads”), each representing one ordinary share of the company, has been below $1.00 for a period of 30 consecutive business days.
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