Moolec received nasdaq staff determination letter

Luxembourg, lu / access newswire / march 17, 2025 / moolec science sa (nasdaq:mlec), a public limited liability company (sociÉtÉ anonyme) governed by the laws of the grand duchy of luxembourg, having its registered office at 17, boulevard f.w. raiffeisen, l-2411 luxembourg, grand duchy of luxembourg, and registered with the luxembourg register of commerce and companies (registre de commerce et des sociÉtÉs de luxembourg) under registration number b268440 ("moolec," the "company," "we," "us" or "our") received a letter on march 11, 2025 (the "determination letter"), from the staff of the listing qualifications department (the "staff") of the nasdaq stock market llc ("nasdaq") notifying the company that, as the closing bid price of its listed securities has remained at less than $1.00 per share over 30 consecutive business days as of september 10, 2024, and has not increased to $1.00 for more than 10 consecutive business days thereafter, the company has not regained compliance with nasdaq listing rule 5550(a)(2).
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