Eqonex announces receipt of nasdaq notification regarding minimum bid price deficiency

Singapore, dec. 21, 2022 (globe newswire) -- as announced on july 26, 2022, eqonex limited (nasdaq: eqos) (“eqonex” or the “company”) (interim judicial managers appointed) received a notice from the nasdaq stock market llc (“nasdaq”) on july 21, 2022 that the company was not in compliance with listing rule 5550(a)(2) as the bid price of the company's listed securities had closed at less than us$1.00 per share over the last 30 consecutive business days from june 7, 2022 to july 20, 2022. in accordance with listing rule 5810(c)(3)(a), the company was provided 180 calendar days, or until january 17, 2023, to regain compliance with listing rule 5550(a)(2).
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