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HONG KONG - 3E Network Technology Group Limited (NASDAQ:MASK) has received a deficiency notice from Nasdaq for failing to maintain the minimum bid price requirement of $1.00 per share, the company announced Tuesday. The stock currently trades at $0.57, having declined nearly 82% year-to-date. According to InvestingPro data, the company’s shares have experienced particularly steep declines, with a 84% drop over the past six months.
The notice, received on September 25, 2025, was triggered after the company’s ordinary shares closed below the minimum threshold for 30 consecutive business days between August 13 and September 24, 2025.
According to the company’s statement, the notification has no immediate effect on 3E Network’s listing status on The Nasdaq Capital Market. The B2B information technology business solutions provider has been granted a compliance period of 180 calendar days, until March 24, 2026, to regain compliance with the listing requirement.
To meet compliance standards, the company’s closing bid price must reach or exceed $1.00 per share for a minimum of 10 consecutive business days before the deadline. If 3E Network opts for a reverse stock split, it must complete this action no later than ten business days prior to March 24, 2026.
Should the company fail to regain compliance during the initial period, it may be eligible for an additional 180-day extension if it meets all other Nasdaq Capital Market listing standards except the bid price requirement and provides written notice of its intention to resolve the deficiency.
3E Network stated that its business operations remain unaffected by the notification and that it will actively monitor its share price while evaluating options to regain compliance with the minimum bid price requirement.
The information is based on a company press release statement.
In other recent news, 3E Network Technology Group Limited has announced plans to expand its global mining farm construction and hosting business. This strategic move comes in response to new stablecoin regulations in Hong Kong and the United States, following the enactment of Hong Kong’s Stablecoin Ordinance and the U.S. GENIUS Act. In addition, the company has completed the first tranche of a $7.4 million private offering. The initial $2.2 million installment was completed on July 8, as part of a larger offering involving senior secured convertible notes and accompanying warrants to an institutional investor. Part of the proceeds from this offering will be used to purchase Bitcoin. These developments reflect 3E Network’s ongoing efforts to adapt to regulatory changes and strategic financial planning.
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