AirNet Granted Additional 180-Day Grace Period to Regain Compliance with Nasdaq Bid Price Requirement
AirNet Technology (Nasdaq: ANTE) has received an additional 180-day grace period from Nasdaq, extending until September 15, 2025, to regain compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market.
The company can achieve compliance if its closing bid price remains at or above $1 per ADS for at least 10 consecutive business days during this period. AirNet has confirmed compliance with all other Nasdaq listing requirements, including market value of publicly held shares and shareholder equity thresholds.
To maintain its Nasdaq listing, AirNet is considering various measures, including a potential ADS ratio change or reverse stock split.
AirNet Technology (Nasdaq: ANTE) ha ricevuto un ulteriore periodo di grazia di 180 giorni da Nasdaq, estendendo fino al 15 settembre 2025, per ripristinare la conformità con il requisito del prezzo minimo di offerta di $1,00 per continuare la quotazione sul Nasdaq Capital Market.
La società può raggiungere la conformità se il suo prezzo di offerta di chiusura rimane a $1 o più per ADS per almeno 10 giorni lavorativi consecutivi durante questo periodo. AirNet ha confermato di essere conforme a tutti gli altri requisiti di quotazione di Nasdaq, inclusi il valore di mercato delle azioni pubblicamente detenute e le soglie di equità degli azionisti.
Per mantenere la sua quotazione su Nasdaq, AirNet sta considerando varie misure, tra cui un possibile cambiamento del rapporto ADS o un frazionamento azionario inverso.
AirNet Technology (Nasdaq: ANTE) ha recibido un período de gracia adicional de 180 días de Nasdaq, que se extiende hasta el 15 de septiembre de 2025, para recuperar el cumplimiento con el requisito del precio mínimo de oferta de $1.00 para continuar listado en el Nasdaq Capital Market.
La empresa puede lograr el cumplimiento si su precio de oferta de cierre se mantiene en o por encima de $1 por ADS durante al menos 10 días hábiles consecutivos durante este período. AirNet ha confirmado el cumplimiento con todos los demás requisitos de listado de Nasdaq, incluidos el valor de mercado de las acciones en circulación y los umbrales de capital de los accionistas.
Para mantener su listado en Nasdaq, AirNet está considerando diversas medidas, incluyendo un posible cambio en la relación de ADS o un split inverso de acciones.
AirNet Technology (Nasdaq: ANTE)는 Nasdaq으로부터 180일의 추가 유예 기간을 받아 2025년 9월 15일까지 최소 $1.00의 입찰 가격 요건을 충족하기 위한 시간을 연장했습니다. 이는 Nasdaq Capital Market에서 계속 상장되기 위한 요건입니다.
회사는 이 기간 동안 최소 10영업일 연속으로 ADS당 종가가 $1 이상으로 유지될 경우 규정을 준수할 수 있습니다. AirNet은 시장에서 거래되는 주식의 시장 가치와 주주 자본 기준을 포함한 모든 Nasdaq 상장 요건을 준수하고 있음을 확인했습니다.
Nasdaq 상장을 유지하기 위해 AirNet은 ADS 비율 변경 또는 주식 분할과 같은 다양한 조치를 고려하고 있습니다.
AirNet Technology (Nasdaq: ANTE) a reçu une période de grâce supplémentaire de 180 jours de la part de Nasdaq, prolongeant jusqu'au 15 septembre 2025, pour retrouver la conformité avec l'exigence de prix d'offre minimum de 1,00 $ pour continuer à être coté sur le Nasdaq Capital Market.
La société peut atteindre la conformité si son prix de clôture reste à 1 $ ou plus par ADS pendant au moins 10 jours ouvrables consécutifs durant cette période. AirNet a confirmé sa conformité avec toutes les autres exigences de cotation de Nasdaq, y compris la valeur marchande des actions détenues publiquement et les seuils d'équité des actionnaires.
Pour maintenir son inscription au Nasdaq, AirNet envisage diverses mesures, y compris un changement potentiel du ratio ADS ou un regroupement d'actions.
AirNet Technology (Nasdaq: ANTE) hat von Nasdaq eine 180-tägige Nachfrist erhalten, die bis zum 15. September 2025 verlängert wird, um die Einhaltung des Mindestgebotspreises von 1,00 $ für die weitere Notierung am Nasdaq Capital Market wiederherzustellen.
Das Unternehmen kann die Einhaltung erreichen, wenn der Schlusskurs für ADS während dieses Zeitraums mindestens 10 aufeinanderfolgende Geschäftstage bei oder über 1 $ bleibt. AirNet hat die Einhaltung aller anderen Nasdaq-Listing-Anforderungen, einschließlich des Marktwerts der öffentlich gehaltenen Aktien und der Eigenkapitalgrenzen der Aktionäre, bestätigt.
Um die Nasdaq-Notierung aufrechtzuerhalten, erwägt AirNet verschiedene Maßnahmen, darunter eine mögliche Änderung des ADS-Verhältnisses oder einen Aktiensplit.
- Granted additional 180-day grace period for Nasdaq compliance
- Maintains compliance with all other Nasdaq listing requirements
- Stock trading below $1.00 minimum bid price requirement
- May need to implement reverse stock split, potentially affecting share structure
- Risk of Nasdaq delisting if compliance not achieved by September 2025
Insights
AirNet's receipt of an additional 180-day grace period from Nasdaq represents a critical regulatory reprieve that temporarily addresses the company's listing compliance issues. The extension until September 15, 2025 provides breathing room, but also signals underlying concerns about the company's ability to consistently maintain the required
What's particularly noteworthy is that despite AirNet's current reported share price of
While the company states it meets all other Nasdaq listing requirements, including market value of publicly held shares and shareholder equity thresholds, investors should recognize that any potential reverse split would artificially increase the share price without changing fundamental value. Such financial engineering might temporarily solve the compliance issue but doesn't address underlying business performance concerns that typically drive persistent sub-dollar share prices.
This extension effectively postpones rather than eliminates the delisting risk, giving AirNet additional time to either improve its market performance naturally or implement structural changes to maintain listing compliance.
BEIJING, March 18, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), is pleased to announce that Nasdaq has granted the Company an additional 180-day grace period, until September 15, 2025, to regain compliance with the Nasdaq Capital Market’s minimum
AirNet remains fully committed to addressing the bid price deficiency during this extended compliance period. If the Company’s closing bid price meets or exceeds
The Company has demonstrated compliance with all other applicable Nasdaq continued listing requirements, including the market value of publicly held shares and shareholder equity thresholds.
To ensure compliance, AirNet intends to monitor its ADS price closely and will take all necessary steps to maintain its Nasdaq listing, including effecting an ADS ratio change or reverse stock split.
Forward-Looking Statement
This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. None of the outcomes expressed herein are guaranteed. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our product candidates on a commercial scale on our own, or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to proceed to the next level of the clinical trials or to market our product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 20-F and its Current Reports on Form 6-K. Investors are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Company Contact
Penny Pei
Investor Relations
AirNet Technology Inc.
Tel: +86-10-8460-8678
Email: penny@ihangmei.com
