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Top KingWin Ltd (NASDAQ:TCJH) announced it received a notification from The Nasdaq Stock Market confirming the company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The notice was received on Tuesday.
According to the statement issued in a press release, Top KingWin will now be subject to a Mandatory Panel Monitor for one year from the date of the notification, as stipulated by Nasdaq Listing Rule 5815(d)(4)(B). During this monitoring period, if the company fails to meet the bid price requirement again, it will not be allowed to submit a compliance plan or receive an additional cure period. Instead, Nasdaq will issue a delist determination letter, and Top KingWin will have the opportunity to request a hearing before a panel, as outlined in Nasdaq rules.
The company’s securities will remain listed on Nasdaq during the monitoring period. The compliance update follows previous communications regarding the company’s bid price status.
This information is based on a statement included in a recent SEC filing.
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