Jowell global announces receipt of nasdaq notification regarding minimum bid price deficiency

Shanghai, dec. 30, 2022 (globe newswire) -- jowell global ltd. (“jowell global” or the “company”) (nasdaq: jwel), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in china, today announced that, on december 29, 2022, the company received a letter from the nasdaq stock market (“nasdaq”) notifying the company that, because the closing bid price for the company's ordinary shares listed on nasdaq was below $1.00 for 30 consecutive trading days, the company no longer meets the minimum bid price requirement for continued listing on nasdaq under nasdaq marketplace rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “minimum bid price requirement”).
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