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.
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