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BEIJING - AirNet Technology Inc. (NASDAQ:ANTE), a micro-cap company with a market capitalization of approximately $11 million, announced Tuesday it has regained compliance with Nasdaq’s minimum bid price requirement after receiving formal notification from the exchange on July 24, 2025.
The company satisfied Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. According to the company’s press release statement, AirNet’s ordinary shares maintained a closing bid price of $1.00 or higher for ten consecutive business days from July 10 to July 23, 2025. The stock currently trades at $1.27, having surged over 80% in the past six months, according to InvestingPro data.
With this compliance achievement, Nasdaq has closed the previously identified bid price deficiency matter for the company.
AirNet Technology, which trades on the Nasdaq under the ticker symbol ANTE, had been working to address the minimum bid price requirement to maintain its listing on the exchange.
The Beijing-based company’s ordinary shares have a par value of $0.04 each. Nasdaq regularly monitors listed companies to ensure they meet continued listing requirements, including minimum bid price thresholds.
In other recent news, AirNet Technology Inc. has been notified by the Nasdaq Listing Qualifications Staff that it does not meet the Nasdaq Capital Market’s minimum stockholders’ equity requirement. The company’s stockholders’ equity fell below the required $2.5 million threshold as reported in its annual Form 20-F for the year ending December 31, 2024. Despite this notification, the listing of AirNet’s American depositary shares on Nasdaq remains unaffected for the time being. AirNet has until June 27, 2025, to submit a compliance plan addressing this shortfall. If Nasdaq accepts the proposed plan, the company could receive an extension of up to 180 days to meet the equity requirement. These developments are part of ongoing efforts by AirNet to maintain its Nasdaq listing status. This situation highlights the company’s current financial challenges, which are critical for investors to monitor.
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