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AirNet Technology Inc. (Nasdaq: ANTE) received an extension from Nasdaq to regain compliance with the Minimum Stockholders' Equity Requirement. The company entered into agreements and completed transactions to satisfy the requirement, including share subscription agreements and equity transfers. Nasdaq will monitor the company's ongoing compliance, with potential delisting if compliance is not maintained.
AirNet Technology Inc., formerly AirMedia Group Inc., announced its annual general meeting date on May 31, 2024, to discuss increasing the authorized share capital from US$1 million to US$40 million. Shareholders will vote on creating additional ordinary and preferred shares. The Record Date is May 2, 2024, with shareholders entitled to attend the AGM.