Oriental Culture Holding LTD. (Nasdaq:OCG), a leading e-commerce service provider for collectibles and artworks, has successfully regained compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company's common stock's closing bid price has been $1.00 or more per share for 10 consecutive trading days, marking a significant milestone for the firm.
The firm received a written notification on November 1, 2023, confirming that its stock met Nasdaq's $1 minimum closing bid price from October 18 to October 31, thereby fulfilling the continued listing requirements and complying with Nasdaq Listing Rule 5550(a)(2).
Operating with subsidiaries in Hong Kong, Oriental Culture offers integrated marketing, storage, and technical maintenance services in China. The firm also facilitates trading by individual and institutional customers. Currently, it is developing Non-Fungible Tokens (NFTs) for cultural and artwork collections along with a metaverse project.
The future business development of Oriental Culture could be influenced by several factors. These include the company's reputation and brand name, impact of competition and pricing, changes in technology, government regulations, and fluctuations in general economic and business conditions in China.
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