Webus International Faces Nasdaq Delisting Risk Over Minimum Bid Price

Reuters
Jan 06
Webus International Faces Nasdaq Delisting Risk Over Minimum Bid Price

Webus International Ltd. has received a deficiency notice from the Nasdaq Stock Market, indicating non-compliance with the minimum bid price requirement of $1.00 per share as stipulated by Nasdaq Listing Rule 5550(a)(2). The company has been granted a 180-day period, ending June 29, 2026, to regain compliance by ensuring its ordinary shares close at or above $1.00 for at least ten consecutive business days. The notice does not immediately affect the trading or listing of the company's shares, and Webus International Ltd. is considering options to address the issue.

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