Tingo group, inc. provides corporate update to stockholders

Montvale, n.j., april 10, 2023 (globe newswire) -- tingo group, inc. (nasdaq: tio) (“tingo” or the “company”) today announces its receipt of a notification letter from nasdaq that its stock has been under a minimum bid price of $1.00 for a period of 30 days, based upon the closing bid price during the period from february 14, 2023, to march 28, 2023. the company has been given 180 calendar days to regain its compliance and achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days.
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