Alset Inc. has announced that it received a notification from The Nasdaq Stock Market LLC indicating that the company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company's common stock has had a closing bid price below $1.00 for 30 consecutive trading days, failing to meet Nasdaq's Marketplace Rule 5550(a)(2). Alset Inc. has until November 10, 2025, to regain compliance by achieving a bid price of at least $1.00 per share for a minimum of 10 consecutive business days. The company is considering options to address the deficiency, including a potential reverse stock split, to avoid delisting. If the company cannot meet the requirement by the deadline, it may seek additional time or appeal a delisting decision. The notification does not immediately affect the company's stock listing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.