Golden sun health technology group limited announces receipt of nasdaq delisting determination and plan to appeal

Shanghai, china, march 25, 2024 (globe newswire) -- golden sun health technology group limited, formerly known as golden sun education group limited (the “company” or “golden sun”) (nasdaq: gsun), a provider of tutorial services in china, today announced the company received a staff determination letter (the “letter”), on march 21, 2024, from the listing qualifications department of the nasdaq stock market llc (“nasdaq”) notifying the company that, due to the company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on the nasdaq capital market, as set forth in nasdaq listing rule 5550(a)(2) (the "minimum bid requirement"), the staff has determined (the “determination”) that company's securities will be scheduled for delisting from nasdaq unless the company requests an appeal of this determination to a hearings panel (the "panel").
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