Airnet announces receipt of minimum bid price notice from nasdaq

Houston , oct. 24, 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") from the listing qualifications department of the nasdaq stock market inc. ("nasdaq") dated on october 20, 2022 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 ten ordinary shares of the company, has been below $1.00 for a period of 30 consecutive business days. the notification letter has no immediate impact on the company's listing on the nasdaq capital market.
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