J-Long Group Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement

Author: Benzinga Newsdesk | May 16, 2024 07:26am

 J-Long Group Limited (NASDAQ:JL) disclosed that it had received a notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") that JL is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company's ordinary shares (the "Ordinary Shares") on the Nasdaq Global Market, as set forth in Nasdaq Listing Rules (the "Minimum Bid Price Requirement"). The Notice indicated that the Company has 180 days, or until November 11, 2024 (the "Compliance Deadline"), to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Ordinary Shares meet or exceed $1.00 per Ordinary Share for at least ten consecutive business days.

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