’Reddit is built for this moment’ - Stock soars on crushed earnings
HWH International Inc. (NASDAQ:HWH) has received a notification from The Nasdaq Stock Market LLC confirming that the company is back in compliance with the Nasdaq’s minimum bid price requirement. The Compliance Notice, dated March 10, 2025, indicates that the closing bid price of HWH International’s common stock has been at or above the required $1.00 per share threshold for a period spanning from February 24, 2025, to March 7, 2025. Currently trading at $1.69, the stock has experienced significant volatility, having declined 77% over the past year according to InvestingPro data.
This development follows a period of non-compliance with Nasdaq Listing Rule 5550(a)(2), which mandates that companies listed on the Nasdaq Capital Market maintain a minimum bid price of one dollar. The company’s return to compliance signifies that its common stock has met this criterion for the necessary duration to satisfy Nasdaq’s standards.
The receipt of the Compliance Notice effectively closes the matter regarding the company’s previous bid price deficiency. HWH International, which operates under the wholesale drug and sundries sector, is incorporated in Delaware and has its principal executive offices in Bethesda, MD.
The announcement is based on information from a recent SEC filing and does not include promotional language or subjective assessment. It provides a straightforward update on the company’s current regulatory compliance status with respect to its listing on the Nasdaq Capital Market.
In other recent news, HWH International Inc. announced the completion of its public offering, raising approximately $1.76 million in gross proceeds. The offering included the sale of 3,162,500 shares of common stock and 1,250,000 pre-funded warrants, with shares priced at $0.40 each. Additionally, HWH International has regained compliance with Nasdaq’s listing requirements, following a notice from the Nasdaq Stock Market confirming the company’s adherence to the minimum equity requirement. This development comes after a period of scrutiny and uncertainty regarding its ability to meet financial standards. The company has also executed a 1-for-5 reverse stock split to comply with Nasdaq’s minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. In a strategic move, HWH International previously boosted its stockholders’ equity by over $3 million through stock purchase agreements with its majority shareholder, Alset Inc. These actions align with the company’s efforts to maintain compliance and strengthen its market position. The recent financial and strategic maneuvers underscore HWH International’s commitment to securing its standing on the Nasdaq Capital Market.
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