Summary by Moomoo AI
African Agriculture Holdings Inc. received a notification from Nasdaq on March 18, 2024, indicating that the company's common stock had not met the minimum closing bid price of $1 per share over the past 30 consecutive trading days, a requirement for continued listing on the Nasdaq. Despite this notice, the company's common stock and warrants will remain listed and traded on the Nasdaq, provided it complies with other listing requirements. The company has been marked as non-compliant on NASDAQ.com and has been given a 180-day period to rectify the bid price deficiency. African Agriculture is considering various options to regain compliance within the allotted timeframe. If compliance is not demonstrated within the 180 days, Nasdaq may initiate delisting procedures, although the company can appeal the decision to a Nasdaq Hearings Panel, allowing trading to continue during the appeal process. There is no guarantee that the company will regain compliance or that any appeal would be successful.