Welcome to our dedicated page for Airnet Technology news (Ticker: ANTE), a resource for investors and traders seeking the latest updates and insights on Airnet Technology stock.
AirNet Technology Inc. (ANTE) delivers cutting-edge in-flight connectivity solutions while pioneering digital advertising and cryptocurrency mining ventures. This Nasdaq-listed company serves as your definitive source for official corporate announcements and operational developments across all business segments.
Access real-time updates on strategic partnerships, technological advancements in satellite communications infrastructure, and financial performance metrics. Our curated news collection enables investors to track:
- Major contract wins in aviation entertainment systems
- Innovations in passenger-facing digital advertising platforms
- Expansion of cryptocurrency mining operations
- Regulatory developments affecting in-flight connectivity services
Bookmark this page for immediate access to verified ANTE press releases, ensuring you never miss critical updates about this unique hybrid of aviation technology and digital asset innovation.
AirNet Technology Inc. (Nasdaq: ANTE) announced on December 29, 2022, that it has regained compliance with Nasdaq's minimum bid price requirement after receiving a Notification Letter on Compliance. The Company was previously notified of non-compliance on October 20, 2022, when its closing bid price fell below $1.00 for 30 consecutive business days. However, from December 12 to December 23, 2022, AirNet's ADSs closed at $1.00 or greater, demonstrating compliance with Nasdaq Rule 5550(a)(2).
AirNet Technology Inc. (Nasdaq: ANTE) announced the results of its extraordinary general meeting held on November 30, 2022. Shareholders approved a Share Consolidation that will consolidate every 40 shares into 1 share, effective at 5:00 P.M. on December 9, 2022. Following this, the authorized share capital will total US$1,000,000, with 22,500,000 ordinary shares and 2,500,000 preferred shares. Additionally, the ratio for American Depositary Receipts (ADRs) will change from 1 ADS for 10 ordinary shares to 1 ADS for 1 ordinary share, impacting trading on December 12, 2022.
