Bit brother ltd. received nasdaq notification letter regarding bid price deficiency

Changsha, china , may 22, 2023 /prnewswire/ -- bit brother limited (the "company," "we" or "bit brother") (nasdaq: btb), announced today that on may 16, 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). the notification received has no immediate effect on the listing of the company's ordinary shares on nasdaq.
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