AirNet Has Regained Compliance with Nasdaq's Minimum Market Value Requirement
AirNet Has Regained Compliance with Nasdaq's Minimum Market Value Requirement
AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter (the "Notification Letter on Compliance") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") dated February 18, 2021, indicating that the Company has regained compliance with the minimum market value requirement set forth in Rule 5550(b)(2) of the Nasdaq Listing Rules (the "Minimum Market Value Requirement").
AirNet Technology Inc.，前身為AirMedia Group Inc.(“AirNet”或“公司”)(納斯達克：賭注中國連通性、娛樂性和數字多媒體空中解決方案提供商)今天宣佈，收到納斯達克證券市場公司(以下簡稱納斯達克)上市資格部於2021年2月18日發出的通知函(“合規通知函”)，表明本公司已重新遵守納斯達克上市規則第5550(B)(2)條規定的最低市值要求(“最低市值要求”)，這表明該公司已恢復遵守納斯達克上市規則第5550(B)(2)條規定的最低市值要求(“最低市值要求”)，並於2021年2月18日收到納斯達克證券市場公司(以下簡稱“納斯達克”)上市資格部的通知函(以下簡稱“合規通知函”)。
As previously announced, the Company received a notification letter from Nasdaq (the "Deficiency Letter") on September 16, 2020, indicating that the Company failed to comply with Rule 5550(b) of the Nasdaq Listing Rules, which requires a minimum US $2.5 million stockholders' equity, or US $35 million market value of listed securities, or US $500,000 of net income from continuing operations. The Deficiency Letter also noted that the Company has 45 calendar days, or until November 2, 2020, to submit a plan to Nasdaq to regain compliance with Rule 5550(b) of the Nasdaq Listing Rules.
如前所述，本公司於2020年9月16日收到納斯達克的通函(“短函”)，顯示本公司未能遵守納斯達克上市規則第5550(B)條的規定，該規則要求最低股東權益為250萬美元，或上市證券市值為3500萬美元，或持續經營的淨收益為50萬美元。缺陷信還指出，公司有45個歷日，即到2020年11月2日，向納斯達克提交一份計劃，以重新遵守納斯達克上市規則第5550(B)條。
The Company submitted a plan ("Compliance Plan") to Nasdaq in November 2020. After reviewing the Compliance Plan, Nasdaq granted the Company an extension to regain compliance. Under the terms of the extension, the Company must, on or before March 15, 2021, complete the actions undertaken by the Company in the Compliance Plan and evidence compliance with Rule 5550(b) of the Nasdaq Listing Rules.
該公司於2020年11月向納斯達克提交了一份計劃(“合規計劃”)。在審查了合規計劃後，納斯達克批准該公司延期，以重新獲得合規。根據延期條款，本公司必須於2021年3月15日或之前完成本公司在合規計劃中採取的行動，並證明其遵守了納斯達克上市規則第5550(B)條。
According to the Notification Letter on Compliance, the staff of Nasdaq has determined that for the last ten consecutive business days, being from February 3 through February 17, 2021, the Company's market value of listed securities has been US$35 million or greater, and the Company has regained compliance with the Minimum Market Value Requirement, and the matter is now closed.
根據《合規通知函》，納斯達克工作人員認定，自2021年2月3日至2021年2月17日連續十個工作日，公司上市證券市值在3500萬美元或以上，公司已重新符合最低市值要求，此事至此結案。