Nano Labs Announcement: Deficiency Letters from Nasdaq Raises Concerns

Friday, 12 July 2024, 20:59

Nano Labs Ltd (Nasdaq: NA) disclosed the receipt of a Deficiency Letter from Nasdaq regarding non-compliance with the Nasdaq Listing Rule 5450(b)(2)(C) due to insufficient Market Value of Publicly Held Shares (MVPHS) of US$15.0 million. This development signals potential listing concerns for the leading fabless integrated circuit design company based in China.
Manilatimes
Nano Labs Announcement: Deficiency Letters from Nasdaq Raises Concerns

Nano Labs Announcement

Nano Labs Ltd (Nasdaq: NA) received a Deficiency Letter from Nasdaq.

Concerns Raised

The notification highlights non-compliance with Rule 5450(b)(2)(C) due to insufficient MVPHS of US$15.0 million.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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