Nano Labs Ltd (NA) Regains Nasdaq Compliance

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Nano Labs Regains Compliance with Nasdaq Minimum Bid Price Requirement

November 19, 2024 4:30 PM EST

HANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (we, the Company or Nano Labs), a leading fabless integrated circuit design company and product solution provider in China, today announced that it received a notification letter (the Notification Letter on Compliance) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (Nasdaq) on November 18, 2024, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules.

As previously announced, on May 23, 2024, the Nasdaq notified the Company of its... More