Intelligent living application group inc. granted extension to meet nasdaq minimum bid price requirement

Hong kong , april 19, 2024 /prnewswire/ -- intelligent living application group inc. (nasdaq: ilag) ("intelligent living" or the "company"), a premium lockset manufacturer in hong kong, announced today that, on april 17, 2024, the company received a written notification from the nasdaq stock market listing qualifications staff (the "staff") indicating that the company has been granted an additional 180 calendar day period or until october 14, 2024, to regain compliance with the $1.00 minimum closing bid price requirement for continued listing on the nasdaq capital market pursuant to nasdaq listing rule (the "minimum bid price requirement"). nasdaq's determination was based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the nasdaq capital market, with the exception of the bid price requirement, and the company's written notice to nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
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