J-Long Group (JL) Receives Nasdaq Non-compliance Notice
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J-Long Group Limited, Ltd Receives Notification Regarding Non-Compliance with Nasdaq Global Market Minimum Market Value of Publicly Held Shares Requirement
September 5, 2024 8:00 AM EDTHONG KONG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Â J-Long Group Limited (Nasdaq: JL) (JL or the Company), today announced that the Company received a written notification (the Notice) from the Nasdaq Stock Market LLC (Nasdaq) on September 3, 2024, notifying the Company that it is not in compliance with the minimum market value of publicly held shares ("MVPHS") requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq Global Market.Â
Nasdaq Listing Rule 5450(b)(1)(C) requires listed securities on the Nasdaq Global Market to maintain a minimum MVPHS of US$5,000,000, and Nasdaq Listing Rule... More
