MingZhu Logistics (YGMZ) said Wednesday that it received a notification from the Nasdaq that the company regained compliance with the exchange's closing bid price rule.
The decision was made after MingZhu's shares closed at $1 or greater for 20 consecutive days from April 17 through May 8, according to the company.
Nasdaq Hearings Panel imposed a discretionary panel monitor for one year to address any future potential compliance concerns, MingZhu said.
Shares of the company were up 1.6% in recent after-hours activity.
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