HeartCore Enterprises Inc. has announced that it received a notice from the Nasdaq Listing Qualifications Department on May 6, 2025, regarding non-compliance with the $1.00 minimum bid price requirement. This requirement is essential for maintaining its listing on the Nasdaq Capital Market. The notification does not immediately affect the trading of HeartCore's common stock, which continues under the symbol "HTCR." The company has until November 3, 2025, to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. HeartCore is considering various actions to address the issue, including the potential for a reverse stock split, should it fail to meet the requirement within the initial period. There is no assurance of compliance, but the company is actively monitoring its stock price and evaluating strategies to resolve the deficiency.
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