Xchange tec.inc receives nasdaq minimum bid price deficiency notice

Shanghai , nov. 12, 2024 /prnewswire/ -- xchange tec.inc (nasdaq: xhg) (the "company"), today announced that it has received a notice (the "notice") from the nasdaq stock market llc ("nasdaq") dated november 8, 2024 stating that the company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under nasdaq listing rule 5550(a)(2) (the "bid price rule") for continued listing on the nasdaq capital market. nasdaq listing rule 5810(c)(3)(a) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
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