Greenpro capital receives non-compliance notice from nasdaq

Greenpro capital corp. (the “company”) received a letter dated november 29, 2019 from the listing qualifications department of the nasdaq stock market llc (“nasdaq”), which stated that, based upon the closing bid price for the last 30 consecutive business days, the company no longer meets the requirement set forth in nasdaq rule 5450(a)(1), which requires listed securities to maintain a minimum bid price of $1 per share (the “minimum bid price rule”). in accordance with nasdaq rule 5810(c)(3)(a), the company has been provided with a period of 180 calendar days, or until may 27, 2020, to regain compliance with the minimum bid price rule. the company may regain compliance with the minimum bid price rule if the bid price of its common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days at any time prior to may 27, 2020. the company will consider available options to regain compliance with the minimum bid price rule by may 27, 2020.
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