Greenpro Regains Compliance with NASDAQ Listing Requirements
Greenpro Capital Corp. (NASDAQ:GRNQ) announced on November 9, 2021, that it has regained compliance with NASDAQ Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share. This determination follows the company maintaining a closing bid price above $1.00 for 10 consecutive business days. Previously, Greenpro had received a non-compliance notice on August 30, 2021, due to not meeting the price requirement for 30 consecutive days. The company's operations in diverse sectors include finance, technology, banking, and health.
- Regained compliance with NASDAQ Listing Rule 5550(a)(2) after meeting price requirements.
- Bid price closed above $1.00 for 10 consecutive business days.
- Previously faced non-compliance with the NASDAQ listing requirements.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 10, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ)
On November 9 , 2021, Greenpro Capital Corp (NASDAQ:GRNQ) received formal notification from the NASDAQ Stock Market LLC ("NASDAQ") that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company to maintain a minimum closing bid price of
NASDAQ had previously notified the Company of its non-compliance with Listing Rule 5550(a)(2) on August 30, 2021, following 30 consecutive business days for which the Company's closing bid price did not meet the
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur, Greenpro Capital Corp. (Nasdaq: GRNQ), a Nevada corporation, with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSX for STOs, health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. For further information regarding the Company, please visit http://www.greenprocapital.com.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718
SOURCE: Greenpro Capital Corp.
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https://www.accesswire.com/672122/Greenpro-Regains-Compliance-with-NASDAQ-Listing-Requirements
FAQ
What is the recent compliance status of Greenpro Capital Corp. (GRNQ)?
When did Greenpro Capital Corp. receive a non-compliance notification from NASDAQ?
What is the significance of the $1.00 bid price for GRNQ?
How long did GRNQ maintain the required bid price to regain compliance?
