Able View Announced Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Able View Global (Nasdaq: ABLV) received a notification from Nasdaq on October 30, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain the required $1.00 minimum bid price from September 18 through October 29, 2024. Able View has until April 28, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If unsuccessful, the company may be eligible for an additional compliance period, provided it meets other listing requirements. If the stock price falls to $0.10 or less for ten consecutive days, Nasdaq will issue a delisting determination.
Able View Global (Nasdaq: ABLV) ha ricevuto una notifica da Nasdaq il 30 ottobre 2024, riguardante il non rispetto del requisito del prezzo minimo di offerta. L'azione della società non è riuscita a mantenere il prezzo minimo richiesto di $1,00 dal 18 settembre al 29 ottobre 2024. Able View ha tempo fino al 28 aprile 2025 per ristabilire la conformità mantenendo un prezzo di chiusura di almeno $1,00 per dieci giorni lavorativi consecutivi. Se non avrà successo, l'azienda potrebbe essere idonea per un ulteriore periodo di compliance, a condizione che soddisfi i requisiti di quotazione. Se il prezzo dell'azione scende a $0,10 o meno per dieci giorni consecutivi, Nasdaq emetterà una determinazione di delisting.
Able View Global (Nasdaq: ABLV) recibió una notificación de Nasdaq el 30 de octubre de 2024, sobre el incumplimiento del requisito del precio mínimo de oferta. Las acciones de la empresa no lograron mantener el requisito de $1.00 de precio mínimo de oferta desde el 18 de septiembre hasta el 29 de octubre de 2024. Able View tiene hasta el 28 de abril de 2025 para restablecer el cumplimiento manteniendo un precio de cierre de al menos $1.00 durante diez días hábiles consecutivos. Si no tiene éxito, la empresa podría ser elegible para un período adicional de cumplimiento, siempre que cumpla con otros requisitos de cotización. Si el precio de las acciones cae a $0.10 o menos durante diez días consecutivos, Nasdaq emitirá una determinación de exclusión.
Able View Global (Nasdaq: ABLV)는 2024년 10월 30일, 최소 매도 가격 요구 사항 비준수에 대한 Nasdaq의 통지를 받았습니다. 회사의 주가는 2024년 9월 18일부터 10월 29일까지 요구되는 $1.00의 최소 매도 가격을 유지하지 못했습니다. Able View는 2025년 4월 28일까지 10일 연속으로 최소 $1.00의 종가를 유지하여 비준수를 회복할 수 있는 기한이 있습니다. 실패할 경우, 회사는 다른 상장 요건을 충족할 경우 추가적인 준수 기간에 해당될 수 있습니다. 만약 주가가 10일 연속으로 $0.10 이하로 떨어지면, Nasdaq은 상장 폐지 결정을 내릴 것입니다.
Able View Global (Nasdaq: ABLV) a reçu une notification de Nasdaq le 30 octobre 2024 concernant le non-respect des exigences de prix d'offre minimum. L'action de la société n'a pas réussi à maintenir le prix d'offre minimum requis de 1,00 $ entre le 18 septembre et le 29 octobre 2024. Able View a jusqu'au 28 avril 2025 pour retrouver sa conformité en maintenant un prix de clôture d'au moins 1,00 $ pendant dix jours de bourse consécutifs. Si elle échoue, la société pourrait être éligible à une période de conformité supplémentaire, à condition de respecter d'autres exigences de cotation. Si le prix de l'action tombe à 0,10 $ ou moins pendant dix jours consécutifs, Nasdaq émettra une décision de radiation.
Able View Global (Nasdaq: ABLV) erhielt am 30. Oktober 2024 eine Mitteilung von Nasdaq über die Nichteinhaltung der Mindestgebotsanforderung. Die Aktien des Unternehmens konnten den erforderlichen Mindestgebotspreis von $1,00 im Zeitraum vom 18. September bis 29. Oktober 2024 nicht aufrechterhalten. Able View hat bis zum 28. April 2025 Zeit, die Konformität wiederherzustellen, indem es für zehn aufeinanderfolgende Geschäftstage einen Schlussgebotskurs von mindestens $1,00 aufrechterhält. Bei Nichteinhaltung könnte das Unternehmen für einen zusätzlichen Compliance-Zeitraum in Frage kommen, vorausgesetzt, es erfüllt die anderen Zulassungsanforderungen. Falls der Aktienkurs für zehn aufeinanderfolgende Tage auf $0,10 oder weniger fällt, wird Nasdaq eine Delisting-Entscheidung treffen.
- No immediate effect on Nasdaq listing status
- 180-day compliance period granted until April 28, 2025
- Possibility for additional compliance period if eligible
- Non-compliance with Nasdaq minimum bid price requirement ($1.00)
- Risk of potential delisting from Nasdaq if compliance not achieved
- Stock price consistently below $1.00 for over 30 trading days
- Risk of immediate delisting if stock price falls to $0.10 or below for 10 consecutive days
Insights
This Nasdaq minimum bid price deficiency notice represents a significant challenge for Able View. With a current market cap of just
Key concerns include:
- The extended period below
$1.00 indicates weak market confidence - Risk of delisting if price hits
$0.10 for 10 consecutive days - options for compliance, potentially including a reverse stock split
SHANGHAI, CHINA / ACCESSWIRE / November 1, 2024 / Able View Global Inc. (Nasdaq:ABLV) ("Able View" or the "Company"), one of the largest comprehensive brand management partners of international beauty and personal care brands in China, today announced that on October 30, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Department ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement from September 18, 2024 through October 29, 2024. As set forth in the Nasdaq Listing Rules 5550(a)(2) ("Nasdaq Listing Rule"), it requires that the closing bid price for the Company's ordinary shares listed on the Nasdaq be maintained at a minimum of USD
The notification has no immediate effect on the listing of the Company's ordinary shares on the Nasdaq.
In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until April 28, 2025, to regain compliance with the minimum bid price requirement, during which time the Company's ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time during this 180-day period, or before April 28, 2025, the closing bid price of the Company's ordinary shares is at least USD
The Company intends to monitor the closing bid price of its ordinary shares between now and April 28, 2025. In the event the Company is not eligible for additional time to regain compliance with the Nasdaq requirements towards the end of the first compliance period, the Company's board of directors will consider options that may be available to achieve compliance.
About Able View Global Inc.
Able View is China's second-largest e-commerce hub for international beauty and personal care brands, offering a comprehensive suite of brand-management services. These services include strategic planning, branding, digital and social marketing, omni-channel sales, customer service, and integrated logistics such as overseas shipping, warehousing, and fulfilment. Able View owns and manages a diverse portfolio of products that range from niche to prestige and masstige categories, solidifying a strong presence in the Chinese market. The Company's mission is to enhance these brands' power and premium status, ensuring sustainable growth and long-term success in China. The Company's website is www.ableviewir.com. The Company routinely posts important updates on its website.
For further information, please visit www.ableviewir.com or contact:
Able View Global Inc.
Dennis Tang, CFO
E: info@ableview.com
CHF Capital Markets (IR)
Cathy Hume, CEO
T: 416-868-1079 x 251
E: cathy@chfir.com
Follow us on Social Media
Website: www.ableviewir.com
Twitter: https://twitter.com/ableviewglobal
LinkedIn: https://www.linkedin.com/company/ableview/
Facebook: https://www.facebook.com/profile.php?id=61554714879072
Instagram: https://www.instagram.com/ableviewglobal/
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Able View expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Able View's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based except as required by the applicable law, regulations or rules.
SOURCE: Able View Global Inc.
View the original press release on accesswire.com
FAQ
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