Correction: Antelope Enterprise Holdings Limited Receives Deficiency Letter from NASDAQ Regarding Minimum Bid Price Deficiency
Antelope Enterprise Holdings (NASDAQ: AEHL) issued a correction regarding its NASDAQ deficiency letter for minimum bid price requirements. The company clarified that it has until April 30, 2025, not January 22, 2024 as previously stated, to regain compliance with the $1.00 minimum bid price rule. The deficiency notice, received on November 1, 2024, does not result in immediate delisting. AEHL can regain compliance if its stock closes at or above $1.00 for at least 10 consecutive business days before the deadline. If unsuccessful, the company may qualify for an additional 180-day compliance period and could consider options including a reverse stock split.
Antelope Enterprise Holdings (NASDAQ: AEHL) ha emesso una correzione riguardo la sua lettera di carenza NASDAQ per quanto riguarda i requisiti di prezzo minimo per le offerte. L'azienda ha chiarito di avere tempo fino al 30 aprile 2025, e non il 22 gennaio 2024 come affermato in precedenza, per recuperare la conformità con la regola del prezzo minimo di offerta di $1,00. Il preavviso di carenza, ricevuto il 1° novembre 2024, non comporta un'immediata esclusione dalle negoziazioni. AEHL può recuperare la conformità se le sue azioni chiudono a $1,00 o più per almeno 10 giorni lavorativi consecutivi prima della scadenza. Se non avrà successo, l'azienda potrebbe qualificarsi per un ulteriore periodo di conformità di 180 giorni e potrebbe considerare opzioni tra cui un frazionamento azionario inverso.
Antelope Enterprise Holdings (NASDAQ: AEHL) emitió una corrección sobre su carta de deficiencia de NASDAQ en relación con los requisitos de precio mínimo por oferta. La empresa aclaró que tiene hasta el 30 de abril de 2025, no el 22 de enero de 2024 como se indicó anteriormente, para recuperar el cumplimiento con la regla del precio mínimo de oferta de $1.00. El aviso de deficiencia, recibido el 1 de noviembre de 2024, no resulta en un deslistado inmediato. AEHL puede recuperar el cumplimiento si sus acciones cierran a $1.00 o más durante al menos 10 días hábiles consecutivos antes de la fecha límite. Si no tiene éxito, la empresa podría calificar para un período adicional de cumplimiento de 180 días y podría considerar opciones que incluyen una división inversa de acciones.
안텔로프 엔터프라이즈 홀딩스(NASDAQ: AEHL)는 최소 입찰 가격 요건에 대한 NASDAQ 결핍 서한에 대해 정정을 발표했습니다. 회사는 이전에 언급된 2024년 1월 22일이 아니라 2025년 4월 30일까지 compliance를 회복할 수 있다고 밝혔습니다. 2024년 11월 1일에 수신된 결핍 통지는 즉각적인 상장 폐지를 초래하지 않습니다. AEHL은 상장 기한 전에 최소 10 거래일 연속으로 주가가 $1.00 이상으로 마감하면 compliance를 회복할 수 있습니다. 그렇지 못할 경우, 이 회사는 추가로 180일의 compliance 기간을 받을 수 있으며, 주식 분할과 같은 옵션을 고려할 수 있습니다.
Antelope Enterprise Holdings (NASDAQ: AEHL) a publié une correction concernant sa lettre de carence de la NASDAQ relative aux exigences de prix d'offre minimum. L'entreprise a clarifié qu'elle a jusqu'au 30 avril 2025, et non le 22 janvier 2024 comme indiqué précédemment, pour retrouver sa conformité avec la règle du prix d'offre minimum de 1,00 $. L'avis de carence, reçu le 1er novembre 2024, ne conduit pas à un désinscription immédiate. AEHL peut retrouver sa conformité si son action clôture à 1,00 $ ou plus pendant au moins 10 jours ouvrables consécutifs avant la date limite. En cas d'échec, l'entreprise pourrait avoir droit à une période de conformité supplémentaire de 180 jours et pourrait envisager des options incluant une regroupement d'actions inversé.
Antelope Enterprise Holdings (NASDAQ: AEHL) hat eine Korrektur hinsichtlich des NASDAQ-Mangelbriefes zu den Anforderungen an den Minimaleinstiegspreis veröffentlicht. Das Unternehmen stellte klar, dass es bis zum 30. April 2025, und nicht wie zuvor angegeben bis zum 22. Januar 2024, Zeit hat, um die Einhaltung der Regel für den Mindestgebotspreis von $1,00 wiederherzustellen. Die Mangelanzeige, die am 1. November 2024 eingegangen ist, führt nicht zu einem sofortigen Delisting. AEHL kann die Einhaltung wiederherstellen, wenn die Aktie für mindestens 10 aufeinanderfolgende Handelstage vor Ablauf der Frist bei $1,00 oder mehr schließt. Wenn dies nicht gelingt, könnte das Unternehmen für einen zusätzlichen Zeitraum von 180 Tagen zur Einhaltung qualifiziert werden und könnte Optionen in Betracht ziehen, darunter einen Rückzahlungsaktienzusammenlegung.
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NEW YORK, NY, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), a provider of electricity through natural gas power generation, and the majority interest owner of KylinCloud, a livestreaming e-commerce business in China, announced today a correction as to information contained in the deficiency letter received from Nasdaq regarding the minimum bid price deficiency of its Class A ordinary shares. In accordance with Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”), the Company has been provided an initial period of 180 calendar days, or until April 30, 2025 (the “Compliance Date”), to regain compliance with the Bid Price Rule. On November 5, 2024, the Company released a press release with information that the Compliance Date was January 22, 2024, which was incorrect.
On November 1, 2024, the Company received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”). The deficiency letter advised that for the last 30 consecutive business days the bid price for the Company’s Class A ordinary shares had closed below the minimum
If, at any time before the Compliance Date, the bid price for the Company’s Class A ordinary shares closes at
If the Company does not regain compliance with the Bid Price Rule by the Compliance Date and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its Class A ordinary shares may be delisted. The Company would then be entitled to appeal the Staff’s determination to a NASDAQ Listing Qualifications Panel and request a hearing. There can be no assurance that, if the Company does appeal the delisting determination by the Staff to the NASDAQ Listing Qualifications Panel, that such appeal would be successful.
The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider available options to regain compliance with the Bid Price Rule, which could include effecting a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited (“Antelope Enterprise”, “AEHL” or the “Company”) engages in energy infrastructure solutions through natural gas power generation via its wholly owned subsidiary AEHL US LLC and holds a
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the PRC technology sectors continuing to exhibit sound long-term fundamentals, and our ability to continue to grow our energy, livestreaming ecommerce, business management and information system consulting businesses. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Contact Information:
Antelope Enterprise Holdings Limited
Edmund Hen, Chief Financial Officer
Email: info@aehltd.com
Precept Investor Relations LLC
David Rudnick, Account Manager
Email: david.rudnick@preceptir.com
Phone: +1 646-694-8538
FAQ
What is the deadline for AEHL to meet NASDAQ's minimum bid price requirement?
How can AEHL regain compliance with NASDAQ's bid price rule?
What happens if AEHL fails to meet the minimum bid price requirement by April 30, 2025?
When did AEHL receive the NASDAQ deficiency letter?
