Srivaru holding received nasdaq panel decision on delisting notice & company appealed

Grand cayman, cayman islands, jan. 21, 2025 (globe newswire) -- srivaru holding limited, an exempted company incorporated with limited liability under the laws of the cayman islands (the “company”), issued a press release on january 21, 2025, announcing that it had received a determination from nasdaq on january 17, 2025, to delist the company's shares for failure to regain compliance with the minimum $1.00 bid price per share requirement of nasdaq's marketplace rule 5450(a)(1). the company's ordinary shares began trading on a reverse share split adjusted basis on nasdaq as of the open of trading on january 15, 2025, but failed to close with a bid price greater than $1.00.
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