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ATIF Holdings Ltd (NASDAQ:ATIF) announced Thursday that it has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company received notice from Nasdaq on August 22 that the closing bid price of its ordinary shares was at or above $1.00 per share for ten consecutive business days, from August 8 through August 21.
This follows a previous notification from Nasdaq on June 30, which stated that ATIF Holdings was not in compliance with the minimum bid price requirement, as its shares had closed below $1.00 per share for thirty consecutive business days between May 15 and June 27. The company’s ordinary shares have since met the required threshold, and Nasdaq has closed the matter.
The information in this article is based on a press release statement included in a recent SEC filing.
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