3 E Network regains Nasdaq compliance with minimum bid price rule
3 E Network Technology Group Limited (NASDAQ: MASK) announced it has regained compliance with Nasdaq's minimum bid price requirement and will remain listed on the Nasdaq Capital Market.
The Hong Kong-based business-to-business information technology solutions provider received formal notification from Nasdaq's Listing Qualifications Staff confirming compliance with Listing Rule 5550(a)(2). The company's Class A ordinary shares maintained closing bid prices at or above $1.00 per share for ten consecutive business days from March 16 to April 2, 2026.
Nasdaq initially notified 3 E Network on September 25, 2025, that it was not in compliance because its share price had closed below $1.00 for 30 consecutive business days. The company received a 180-day extension until March 24, 2026, to regain compliance. On March 27, 2026, Nasdaq staff determined to delist the company's securities after it failed to meet the compliance deadline, though the company could have requested an appeal hearing.
Following the recent determination of compliance, 3 E Network has canceled its previously contemplated appeal and the related hearing.
"Regaining compliance with Nasdaq's listing standards is an encouraging start to what we believe will be an important year for the Company," said Dr. Tingjun Yang, Chief Executive Officer. Yang referenced the company's plans for a Finnish AI data center as part of its global AI strategy.
3 E Network operates two main business portfolios: data center operation services and software development. The company describes itself as working toward becoming an artificial intelligence infrastructure solutions provider.
