AGM Group Holdings Inc. Receives Staff Determination Notice from Nasdaq and Plans to Appeal
AGM Group Holdings (NASDAQ: AGMH) has received a staff determination notice from Nasdaq on April 1, 2025, indicating potential delisting due to non-compliance with listing requirements. The company's shares have traded below $0.10 for ten consecutive trading days, violating the Low Priced Stocks Rule.
Trading suspension is scheduled for April 10, 2025, unless AGMH appeals to Nasdaq's Hearings Panel by April 8, 2025. This follows a March 13 notification of non-compliance with the minimum bid requirement of $1.00 per share. The company was initially given until September 9, 2025, to regain compliance but triggered the expedited delisting process due to sub-$0.10 trading.
AGMH intends to appeal the determination, which will temporarily stay the suspension. The company emphasizes that its operations remain unaffected by these regulatory challenges.
AGM Group Holdings (NASDAQ: AGMH) ha ricevuto una comunicazione di determinazione dallo staff di Nasdaq il 1 aprile 2025, che indica un potenziale delisting a causa della non conformità ai requisiti di quotazione. Le azioni della società sono state scambiate a meno di $0,10 per dieci giorni di trading consecutivi, violando la Regola delle Azioni a Basso Prezzo.
La sospensione del trading è prevista per il 10 aprile 2025, a meno che AGMH non faccia appello al Panel delle Audizioni di Nasdaq entro l'8 aprile 2025. Questo segue una notifica del 13 marzo riguardante la non conformità con il requisito di offerta minima di $1,00 per azione. Inizialmente, alla società era stato dato tempo fino al 9 settembre 2025 per ripristinare la conformità, ma ha attivato il processo di delisting accelerato a causa del trading sotto i $0,10.
AGMH intende fare appello alla determinazione, il che sospenderà temporaneamente la sospensione. L'azienda sottolinea che le sue operazioni rimangono inalterate da queste sfide normative.
AGM Group Holdings (NASDAQ: AGMH) ha recibido un aviso de determinación del personal de Nasdaq el 1 de abril de 2025, indicando un posible deslistado debido al incumplimiento de los requisitos de cotización. Las acciones de la compañía han cotizado por debajo de $0.10 durante diez días de negociación consecutivos, violando la Regla de Acciones de Bajo Precio.
La suspensión de la negociación está programada para el 10 de abril de 2025, a menos que AGMH presente una apelación al Panel de Audiencias de Nasdaq antes del 8 de abril de 2025. Esto sigue a una notificación del 13 de marzo sobre el incumplimiento del requisito de oferta mínima de $1.00 por acción. Inicialmente, se le dio a la compañía hasta el 9 de septiembre de 2025 para recuperar la conformidad, pero activó el proceso de deslistado acelerado debido a la negociación por debajo de $0.10.
AGMH tiene la intención de apelar la determinación, lo que suspenderá temporalmente la suspensión. La compañía enfatiza que sus operaciones no se ven afectadas por estos desafíos regulatorios.
AGM Group Holdings (NASDAQ: AGMH)는 2025년 4월 1일 Nasdaq으로부터 직원 결정 통지를 받았으며, 상장 요건 미준수로 인해 잠재적인 상장 폐지가 있을 수 있음을 나타냅니다. 회사의 주가는 10일 연속으로 $0.10 이하로 거래되어 저가 주식 규칙을 위반했습니다.
거래 정지는 2025년 4월 10일로 예정되어 있으며, AGMH가 2025년 4월 8일까지 Nasdaq 청문 패널에 항소하지 않는 한 시행됩니다. 이는 1주당 최소 입찰 요구 사항인 $1.00 미준수에 대한 3월 13일 통지에 따른 것입니다. 회사는 처음에 2025년 9월 9일까지 준수를 회복할 시간을 주었으나, $0.10 이하의 거래로 인해 신속한 상장 폐지 절차를 촉발했습니다.
AGMH는 이 결정을 항소할 계획이며, 이는 일시적으로 정지를 유예할 것입니다. 회사는 이러한 규제 문제로 인해 운영이 영향을 받지 않는다고 강조합니다.
AGM Group Holdings (NASDAQ: AGMH) a reçu un avis de détermination du personnel de Nasdaq le 1er avril 2025, indiquant un potentiel de radiation en raison de la non-conformité aux exigences de cotation. Les actions de la société ont été échangées en dessous de 0,10 $ pendant dix jours de négociation consécutifs, violant la Règle des Actions à Bas Prix.
La suspension de la négociation est prévue pour le 10 avril 2025, sauf si AGMH fait appel auprès du Panel d'Audiences de Nasdaq avant le 8 avril 2025. Cela fait suite à une notification du 13 mars concernant la non-conformité avec l'exigence d'offre minimale de 1,00 $ par action. La société avait initialement jusqu'au 9 septembre 2025 pour retrouver la conformité, mais a déclenché le processus de radiation accéléré en raison du trading sous 0,10 $.
AGMH a l'intention de faire appel de la décision, ce qui suspendra temporairement la suspension. L'entreprise souligne que ses opérations restent inchangées par ces défis réglementaires.
AGM Group Holdings (NASDAQ: AGMH) hat am 1. April 2025 eine Mitteilung von Nasdaq erhalten, die auf eine mögliche Delistung aufgrund der Nichterfüllung der Zulassungsanforderungen hinweist. Die Aktien des Unternehmens wurden zehn aufeinanderfolgende Handelstage unter $0,10 gehandelt und haben damit die Regel für Niedrigpreisaktien verletzt.
Die Handelsaussetzung ist für den 10. April 2025 geplant, es sei denn, AGMH legt bis zum 8. April 2025 Einspruch beim Hearings Panel von Nasdaq ein. Dies folgt einer Mitteilung vom 13. März über die Nichterfüllung des Mindestgebots von $1,00 pro Aktie. Dem Unternehmen wurde zunächst bis zum 9. September 2025 Zeit gegeben, um die Konformität wiederherzustellen, aber es hat den beschleunigten Delistungsprozess aufgrund des Handels unter $0,10 ausgelöst.
AGMH beabsichtigt, gegen die Entscheidung Einspruch zu erheben, was die Aussetzung vorübergehend aufschieben wird. Das Unternehmen betont, dass seine Geschäftstätigkeit von diesen regulatorischen Herausforderungen unberührt bleibt.
- Company operations remain unaffected by listing issues
- Appeal process available to potentially delay delisting
- Stock price fallen below critical $0.10 threshold for 10 consecutive trading days
- Facing immediate delisting risk from Nasdaq
- Non-compliance with minimum bid requirement of $1.00
- Trading suspension scheduled for April 10, 2025
Insights
The Nasdaq delisting notice for AGM Group Holdings represents a critical regulatory challenge with significant implications for shareholders. The company has violated both the standard
This accelerated delisting process is particularly concerning. While most companies receive 180 days to address a minimum bid price deficiency, AGMH's share price deterioration to
The planned appeal will temporarily stay the suspension, but without announcing concrete remediation plans like a reverse stock split, this merely delays the inevitable. Delisting would relegate AGMH to over-the-counter markets, typically resulting in reduced liquidity, diminished institutional investment eligibility, analyst coverage, and possible covenant violations in any existing financing agreements.
The company's assertion that operations remain unaffected appears technically accurate but misleading - while day-to-day business activities continue, a delisting significantly impairs capital access, increases financing costs, and damages market credibility. This represents a material adverse development that extends beyond mere compliance issues into fundamental operational constraints.
Beijing, April 07, 2025 (GLOBE NEWSWIRE) -- AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that the Company received a staff determination notice (the “Staff Determination Notice”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 1, 2025, notifying the Company of the Staff’s determination to delist the Company’s securities because as of March 31, 2025, the Company’s Class A ordinary shares have had a closing bid price below
On March 13, 2025, the Company received a letter from the Nasdaq (the “Letter”), notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (“the Minimum Bid Requirement”) because the closing bid price of the Company’s Class A ordinary shares was below the minimum of
Nasdaq Listing Rule 5810(c)(3)(A)(iii) states that if during any compliance period specified in Rule 5810(c)(3)(A) a Company’s security has a closing bid price of
The Company's operations are not affected by the receipt of the Staff Determination Notice. The Company intends to timely appeal Nasdaq’s determination to the Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company’s hearing request will stay the Suspension and the filing of the Form 25-NSE pending the Panel’s decision.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. 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.
For more information, please contact:
AGM Group Holdings Inc.
Email: ir@agmprime.com
Website: http://www.agmprime.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
Why is AGM Group Holdings (AGMH) facing delisting from Nasdaq in April 2025?
What is the deadline for AGMH to appeal Nasdaq's delisting determination?
What happens to AGMH stock trading if they appeal the Nasdaq delisting?
What was the original compliance deadline given to AGMH for the $1.00 minimum bid requirement?
