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HONG KONG - QMMM Holdings Limited (NASDAQ:QMMM), a provider of digital media advertising and virtual technology services, disclosed on Monday that it has received a notice from Nasdaq regarding non-compliance with the minimum bid price rule. Currently trading at $0.86, the company’s share price has been below the $1 threshold required by Nasdaq’s Listing Rules 5550(a)(2) from January 8, 2025, to February 25, 2025. According to InvestingPro data, QMMM’s stock has declined over 80% in the past year, with its market capitalization now standing at approximately $13.4 million.
Nasdaq has given QMMM Holdings until August 25, 2025, to meet the minimum bid price requirement again. If the company fails to regain compliance within the 180-day period, it may receive an additional 180 days to resolve the issue, provided it meets all other listing standards and notifies Nasdaq of its plans, which may include a reverse stock split. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 6.69, though it faces challenges with negative earnings and cash flow yields.
The company is exploring options to address the deficiency and aims to comply within the allotted timeframe. Despite efforts to regain compliance, QMMM Holdings has cautioned that there is no guarantee of meeting the Nasdaq rule or other listing requirements in the future. InvestingPro subscribers can access 8 additional key insights about QMMM’s financial health and market position, including detailed analysis of its cash flow and profitability metrics.
This announcement includes forward-looking statements subject to risks, uncertainties, and other factors that could affect the company’s financial condition and business operations. QMMM Holdings has stated it will not update these statements unless required by law and has advised investors to consult its SEC filings for a more detailed analysis of potential risks.
The notice from Nasdaq serves as a crucial reminder to QMMM Holdings and its shareholders of the importance of maintaining standards required for continued listing on the stock market. The company’s future actions in response to this notice will be closely monitored by investors and market observers.
The information in this article is based on a press release statement from QMMM Holdings Limited.
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