AirNet Technology Inc. Faces Nasdaq Compliance Challenge Over Stockholders' Equity Deficiency

Reuters

05-17

AirNet Technology Inc. Faces Nasdaq Compliance Challenge Over Stockholders' Equity Deficiency

AirNet Technology Inc. (Nasdaq: ANTE) has announced that it received a notification letter from the Nasdaq Listing Qualifications Staff on May 13, 2025. The notification states that AirNet is no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000 for continued listing on the Nasdaq Capital Market. This issue arose from the company's reported stockholders' equity in its Form 20-F for the year ending December 31, 2024. AirNet also does not meet alternative compliance standards based on market value or net income. While this notification does not immediately affect the listing of the company's shares, AirNet has until June 27, 2025, to submit a compliance plan to Nasdaq, potentially allowing for an extension of up to 180 days if accepted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirNet Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9453428-en) on May 16, 2025, and is solely responsible for the information contained therein.

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Faces Nasdaq Compliance Challenge Over Stockholders' Equity Deficiency\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-17 04:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AirNet Technology Inc. Faces Nasdaq Compliance Challenge Over Stockholders' Equity Deficiency\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AirNet Technology Inc. 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ID: GNW9453428-en) on May 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BKPKM429.USD","symbol_name":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nNDL8kD1nS:1","article_id":"2536405053","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536405053","pubTimestamp":1747425911,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AirNet Technology Inc.  has announced that it received a notification letter from the Nasdaq Listing Qualifications Staff on May 13, 2025. 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Faces Nasdaq Compliance Challenge Over Stockholders' Equity Deficiency\n    \n\n        AirNet Technology Inc. (Nasdaq: ANTE) has announced that it received a notification letter from the Nasdaq Listing Qualifications Staff on May 13, 2025. The notification states that AirNet is no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000 for continued listing on the Nasdaq Capital Market. This issue arose from the company's reported stockholders' equity in its Form 20-F for the year ending December 31, 2024. AirNet also does not meet alternative compliance standards based on market value or net income. 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