Ebang international announces receipt of nasdaq notification regarding minimum bid price deficiency

Hangzhou, china, june 24, 2022 (globe newswire) -- ebang international holdings inc. (nasdaq: ebon) (the “company”, “we” or “our”), a global blockchain technology company, today announced that the company had received a notification letter (the “notice”), dated june 17, 2022, from the listing qualifications department of the nasdaq stock market llc (“nasdaq”) notifying the company that it is currently not in compliance with the minimum bid price requirement for continued listing on the nasdaq global select market, as set forth under nasdaq listing rule 5550(a)(2) (the “minimum bid price requirement”), because the closing bid price of the company's class a ordinary shares, par value hk$0.001 per share (“class a ordinary shares”), has been below us$1.00 per share for a period of 30 consecutive business days.
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