Oriental Rise Holdings Ltd. (Nasdaq: ORIS), a supplier of white- and black-tea products in China, disclosed it has received a notification from Nasdaq regarding non-compliance with the minimum bid-price requirement. The company's ordinary shares have been trading below the $1.00 per share threshold for 30 consecutive business days, leading to this notification. Oriental Rise has until December 29, 2025, to regain compliance by ensuring its share price closes at or above $1.00 for at least 10 consecutive business days. The company is exploring options to address this issue, including the possibility of a reverse stock split, and is committed to maintaining its Nasdaq listing.
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