TNL Mediagene (TNMG) said Wednesday its request for continued listing on Nasdaq has been granted, subject to compliance with the exchange's $1 minimum bid price requirement on or before Jan. 7.

Earlier this month, the company said will implement a 1-for-20 share consolidation in a bid to regain compliance with Nasdaq's continued listing requirements.

TNL Mediagene said Wednesday its shares will continue to be traded on Nasdaq, pending a final written decision by the exchange after Jan. 7 as it reviews the company's compliance plan.

TNL Mediagene shares were down 6.9% in recent premarket activity.