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Meiwu Technology faces Nasdaq delisting over low share price

Published 03/03/2025, 22:26
Meiwu Technology faces Nasdaq delisting over low share price
WNW
-0.53%

SHENZHEN, China - Meiwu Technology Company Limited (NASDAQ: WNW), a skincare product seller, has been notified by Nasdaq that it no longer meets the minimum bid price requirement. The notification, which does not immediately affect its listing, was received after the company’s share price remained below $1.00 for 30 consecutive business days. The stock currently trades at $0.17, having lost over 90% of its value year-to-date, according to InvestingPro data.

According to Nasdaq’s standards, Meiwu Technology must boost its share price to at least $1.00 for 10 consecutive business days before August 26, 2025, to regain compliance. Failure to meet this requirement within the 180-day period could lead to delisting, although the company may be granted an additional 180 days if it meets other listing standards and possibly considers a reverse stock split. InvestingPro data shows the company maintains a current ratio of 2.64, indicating sufficient liquid assets to meet short-term obligations, though its overall financial health score is rated as weak.

Founded on December 4, 2018, Meiwu Technology transitioned from online food sales and messaging services to skincare through its subsidiary, Xiamen Chunshang Health Technology Co., Ltd. The company’s future plans in addressing the Nasdaq compliance issue were not detailed in the press release.

The forward-looking statements in the press release highlighted the usual uncertainties and risks, such as economic conditions and potential regulatory changes. Meiwu Technology’s filings with the Securities and Exchange Commission can provide further insight into the company’s situation.

This news is based on a press release statement and reflects the current status of Meiwu Technology’s compliance with Nasdaq’s listing requirements. The company has not commented beyond the provided notification details.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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