Caravelle international group regains compliance with nasdaq minimum bid price requirement

Hong kong , nov. 18, 2024 /prnewswire/ -- caravelle international group (nasdaq: htco), a global ocean technology company, today announced that it received a notification letter from the listing qualifications department of the nasdaq stock market ("nasdaq"), informing the company that it has regained compliance with the minimum bid price requirement set forth in rule 5550(a)(2) of the nasdaq listing rules. the company had previously announced on july 31, 2024, that it was notified by nasdaq on july 26, 2024 that it was not in compliance with the minimum bid price requirement set forth in nasdaq listing rule 5550(a)(2), as the closing bid price of the company's ordinary shares had been below $1.00 per share for more than 30 consecutive business days.
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