Paranovus Entertainment Technology (PAVS) received a noncompliance notice from Nasdaq after the shares traded below the $1 minimum bid price for 30 straight business days.
The deadline to regain compliance is Jan. 7, Paranovus said Tuesday in a statement.
If the closing share price is $1 or more for at least 10 straight business days before the deadline, Nasdaq will send a letter to confirm compliance, the company said.
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.