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HONG KONG - GIBO Holdings Limited (NASDAQ:GIBO), an AIGC animation streaming platform with a market capitalization of $38.35 million, announced Wednesday it received a delisting notice from Nasdaq on August 4 due to its share price closing at $0.10 or less for ten consecutive trading days. The stock has plummeted 99.54% year-to-date, currently trading at $0.05, well below its 52-week high of $24.18.
The company, which operates an AI-generated animation content platform, is not in compliance with Nasdaq’s Low Priced Stocks Rule and Listing Rule 5450(a)(1), which requires securities to maintain a minimum bid price of $1.00 per share. InvestingPro analysis reveals multiple warning signs, including weak financial health scores and concerning price momentum indicators.
According to the notice, Nasdaq has determined to delist GIBO’s securities from The Nasdaq Global Market. The company has until August 11, 2025, to request an appeal hearing before the Nasdaq Hearings Panel.
GIBO stated it intends to request such a hearing, which would stay the suspension of its securities pending the Panel’s decision. Without an appeal, trading of GIBO’s securities would be suspended on August 13, 2025.
The company is considering options to regain compliance, including seeking shareholder approval for a reverse stock split.
GIBO describes itself as having approximately 86 million registered users across Asia. The information in this article is based on a company press release.
In other recent news, GIBO Holdings Ltd. has completed testing its GIBO Click monetization engine on the DramaFlow platform. This implementation allowed DramaFlow to leverage GIBO Click’s multi-currency settlement engine and real-time viewer analysis tools, enhancing its ability to support various monetization models across different regions. Additionally, GIBO Holdings unveiled SparkRWA, a new platform designed for the tokenization of intellectual property and verification of real-world assets in the creative sector. SparkRWA provides a structured environment for creators to tokenize story concepts and scripts, offering digital verification to ensure ownership and originality. In another development, GIBO Holdings successfully integrated its inspirAI technology into short drama production in collaboration with HoneyReels. This integration aims to enhance storytelling capabilities, enabling the creation of both anime-style and live-action content. HoneyReels has seen rapid growth, releasing over 1,000 titles to millions of users and achieving more than 5 billion views worldwide. The platform distributes content in more than 190 countries, with a focus on markets such as North America, Japan, and South Korea.
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