Imte announces 180-day extension to regain compliance with nasdaq minimum bid price requirement

Sydney and new york , may 4, 2023 /prnewswire/ -- as previously disclosed on a form 6-k filed on november 3, 2022, on november 2, 2022, integrated media technology limited (nasdaq: imte) ("imte" or the "company") received a notification letter (the "notification letter") from the listings qualifications department of the nasdaq stock market llc ("nasdaq") regarding a failure to meet nasdaq's minimum bid price requirements. the notification letter informed the company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the company did not meet the minimum bid price requirement set forth in nasdaq listing rule 5550(a)(2).
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