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Kaival Brands Innovations | 8-K: Current report

Kaival Brands Innovations | 8-K:重大事件

SEC announcement ·  02/08 16:57
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Kaival Brands Innovations Group, Inc. has successfully regained compliance with the Nasdaq's minimum bid price requirement, avoiding delisting. The company had previously been notified by Nasdaq on January 30, 2023, that its stock price had fallen below the $1.00 threshold for 30 consecutive business days, violating the Bid Price Rule. A deadline of July 31, 2023, was set to rectify the situation, which was later extended to January 29, 2024. In response, Kaival Brands executed a 1-for-21 reverse stock split on January 22, 2024, and the stock began trading on a post-split basis on January 25, 2024. Despite these efforts, the company initially failed to meet the compliance deadline. However, by February 7, 2024, the stock had maintained a closing price above $1.00 for ten consecutive trading days. Consequently, on February 8, 2024, Nasdaq confirmed that Kaival Brands is now in compliance with the Bid Price Rule, and the company's common stock will continue to be listed and traded on the Nasdaq, provided it adheres to other listing standards.
Kaival Brands Innovations Group, Inc. has successfully regained compliance with the Nasdaq's minimum bid price requirement, avoiding delisting. The company had previously been notified by Nasdaq on January 30, 2023, that its stock price had fallen below the $1.00 threshold for 30 consecutive business days, violating the Bid Price Rule. A deadline of July 31, 2023, was set to rectify the situation, which was later extended to January 29, 2024. In response, Kaival Brands executed a 1-for-21 reverse stock split on January 22, 2024, and the stock began trading on a post-split basis on January 25, 2024. Despite these efforts, the company initially failed to meet the compliance deadline. However, by February 7, 2024, the stock had maintained a closing price above $1.00 for ten consecutive trading days. Consequently, on February 8, 2024, Nasdaq confirmed that Kaival Brands is now in compliance with the Bid Price Rule, and the company's common stock will continue to be listed and traded on the Nasdaq, provided it adheres to other listing standards.
Kaival Brands Innovations Group, Inc.成功恢復了對納斯達克最低出價要求的遵守,避免了退市。納斯達克此前曾於2023年1月30日通知該公司,其股價已連續30個工作日跌破1.00美元的門檻,違反了投標價格規則。糾正這種情況的最後期限定爲2023年7月31日,後來延長至2024年1月29日。作爲回應,凱瓦爾品牌於2024年1月22日進行了1比21的反向股票拆分,該股票於2024年1月25日開始在拆分後的基礎上交易。儘管做出了這些努力,但該公司最初未能在合規截止日期之前完成。但是,到2024年2月7日,該股已連續十個交易日將收盤價維持在1.00美元以上。因此,納斯達克在2024年2月8日證實,凱瓦爾品牌現在符合投標價格規則,只要遵守其他上市標準,該公司的普通股將繼續在納斯達克上市和交易。
Kaival Brands Innovations Group, Inc.成功恢復了對納斯達克最低出價要求的遵守,避免了退市。納斯達克此前曾於2023年1月30日通知該公司,其股價已連續30個工作日跌破1.00美元的門檻,違反了投標價格規則。糾正這種情況的最後期限定爲2023年7月31日,後來延長至2024年1月29日。作爲回應,凱瓦爾品牌於2024年1月22日進行了1比21的反向股票拆分,該股票於2024年1月25日開始在拆分後的基礎上交易。儘管做出了這些努力,但該公司最初未能在合規截止日期之前完成。但是,到2024年2月7日,該股已連續十個交易日將收盤價維持在1.00美元以上。因此,納斯達克在2024年2月8日證實,凱瓦爾品牌現在符合投標價格規則,只要遵守其他上市標準,該公司的普通股將繼續在納斯達克上市和交易。
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