Jx luxventure limited receives nasdaq delisting notice for failing to maintain a $1.00 share price and requested and granted a hearing scheduled for may 25, 2023.

Haikou, china , april 28, 2023 /prnewswire/ -- jx luxventure limited (nasdaq: jxjt) (the "company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise and technlology solutions, announced today that on april 25, 2023, it received a staff determination letter (the "determination letter") from the listing qualifications department of the nasdaq stock market llc ("nasdaq") notifying the company that, unless the company requests an appeal of that determination to a nasdaq hearings panel, the staff determined that the company's securities will be scheduled for delisting from the nasdaq capital market and will be suspended at the opening of business on may 4, 2023 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"). earlier, on october 24, 2022, the company received its first letter from nasdaq (the "notice"), notifying the company that based upon the closing bid price of its common stock for the last 30 consecutive business days preceding the notice, the company was not in compliance with the minimum bid requirement.
JXJT Ratings Summary
JXJT Quant Ranking