Mf international limited receives additional 180 day extension from nasdaq to regain compliance with minimum bid price rule

Hong kong , feb. 4, 2025 /prnewswire/ -- mf international limited (the "company" or "mf international") (nasdaq: mfi), a hong kong-based experienced financial trading solutions provider, today announced that it has received an extension of 180 calendar days (the "extension notice") from the nasdaq stock market llc ("nasdaq") to regain compliance with the nasdaq's minimum $1.00 bid price requirement set forth in nasdaq listing rule 5550(a)(2) for continued listing on nasdaq (the "bid price requirement"), following the expiration of the initial 180 calendar days period to regain compliance on january 28, 2025. as previously announced, the company received a written notification from nasdaq dated august 1, 2024, indicating that because the closing bid price of the company's ordinary shares for the previous 30 consecutive business days was below $1.00 per share, the company was not in compliance with the bid price requirement, and nasdaq granted the company a period of 180 calendar days, or until january 28, 2025, to regain compliance with the bid price requirement.
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