Caravelle international group announces receipt of nasdaq deficiency notice

Singapore , may 17, 2023 /prnewswire/ -- caravelle international group (nasdaq: caco), a global ocean technology company, today announced that it received a notice from the nasdaq stock market llc (nasdaq) indicating that, as a result of not having timely filed its annual report on form 20-f for the fiscal year ended december 31, 2022, the company is not in compliance with nasdaq listing rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the securities and exchange commission. the notice has no immediate impact on the listing of the company's securities, which will continue to trade on nasdaq, subject to the company's compliance with the other continued listing requirements of nasdaq.
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