September looms as a risk month for stocks, Yardeni says
Golden Sun Health Technology Group Ltd (NASDAQ:GSUN) announced it has regained compliance with Nasdaq’s minimum stockholders’ equity rule. According to a statement released Friday, the company received formal notice from The Nasdaq Stock Market LLC on Wednesday confirming that Golden Sun now meets the requirements of Nasdaq Listing Rule 5550(b)(1) and all other applicable criteria for continued listing on the Nasdaq Capital Market.
Nasdaq will continue to monitor the company’s compliance with the minimum stockholders’ equity rule. If Golden Sun does not maintain compliance at the time of its next periodic financial statement filing, it may again be subject to delisting procedures. In such a case, the company would receive written notice of the deficiency from Nasdaq staff and would have the opportunity to appeal to a Nasdaq Hearings Panel.
This information is based on a statement from the company’s recent SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.