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NEW YORK - AGM Group Holdings Inc. (NASDAQ:AGMH), a technology firm known for its blockchain hardware, has been notified of non-compliance with Nasdaq’s minimum bid price requirement. Currently trading at $0.07, down 96% over the past year according to InvestingPro data, the company’s stock closed below the required $1.00 threshold for 30 consecutive business days, triggering the notice.
The Nasdaq Capital Market sent the notification on March 13, 2025, but the current trading of AGM Holdings’ shares remains unaffected. With a market capitalization of just $1.72 million, the company has until September 9, 2025, to meet the bid price criterion, with a possible extension period available if certain conditions are met.
To regain compliance, AGM Holdings must maintain a closing bid price of at least $1.00 per share for ten consecutive business days during the 180-day grace period. If the company fails to achieve this by the deadline, they might receive a second 180-day period to rectify the issue, provided they meet all other initial listing standards, except for the bid price.
AGM Holdings focuses on the development and sale of high-performance computing equipment, particularly for cryptocurrency mining. The company aims to be a significant player in the global blockchain ecosystem, though InvestingPro data reveals challenging fundamentals with a weak gross profit margin of 8.13% and a concerning current ratio of 0.85.
This notice, as required by Nasdaq Listing Rule 5810(b), is part of the exchange’s regulatory framework to ensure listed companies meet continuous listing standards. AGM Holdings’ future plans and strategies are outlined in forward-looking statements within the press release, which are subject to various risks and uncertainties.
Investors are advised to monitor AGM Holdings’ filings with the U.S. Securities and Exchange Commission for updates on the company’s financial condition and operational strategies. For deeper insights into AGMH’s financial health and additional analysis, InvestingPro subscribers have access to over 15 additional key metrics and exclusive ProTips. The information in this news article is based on a press release statement from AGM Group Holdings Inc.
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